NEW YORK, Aug 2 (Reuters) – Verizon Communications Inc
and the unions representing its wireline unit employees
on the U.S. East Coast said work will go on and talks continue
after their current contract expired.
Since June, the unions have been in talks with Verizon over
the company’s plans to cut costs by controlling healthcare and
pension-related benefits over a three-year period.
NEW YORK, July 31 (Reuters) – Dish Network Corp
said on Friday that Comcast Corp’s broadcast
television network NBC is not airing ads promoting its Sling TV
video streaming service in some markets.
While NBC, part of Comcast’s NBCUniversal film and TV unit,
has banned Sling TV ads, other major networks such as ABC, CBS,
Fox are running its commercials, Sling TV CEO Roger Lynch said
in a blog post.
July 30 (Reuters) – T-Mobile US Inc on Thursday
posted better-than-expected second-quarter profit and revenue
and raised its 2015 subscriber forecast for the second time this
year, boosting shares by 4.5 percent.
The No. 4 U.S. wireless by revenue now expects to add 3.4
million to 3.9 million postpaid users, or customers who pay on a
monthly basis based on usage, in 2015, up from 3.0 million to
NEW YORK (Reuters) – Verizon Communication Inc’s (VZ.N: Quote, Profile, Research, Stock Buzz) wireline unit workers on the U.S. East Coast have voted to go on strike, if needed, amid contract negotiations, the unions representing them said on Saturday.
At a rally in New York, the unions announced that 86 percent of Verizon’s 39,000 wireline employees have voted to authorize a strike. This comes a week before their current contracts expire on Aug. 1.
NEW YORK (Reuters) – AT&T, which on Friday received final U.S. regulatory approval to buy DirecTV, will offer ad-supported TV streaming and mobile video products while building out its advertising technology, John Stankey, the AT&T executive named as chief of the company’s Internet and Entertainment division, told Reuters.
Stankey, who was previously AT&T’s chief strategy officer, will head a division that will craft over-the-top or TV streaming and mobile video products. He will also oversee the wireless distribution of mostly youth-oriented original content created by Otter Media, a joint venture of the telecom carrier and the investment group headed by media entrepreneur Peter Chernin.
By Subrat Patnaik and Malathi Nayak
(Reuters) – AT&T Inc (T.N: Quote, Profile, Research, Stock Buzz) reported a better-than-expected quarterly profit as it managed costs and added wireless customers, sending its shares up 2.1 percent in extended trading on Thursday.
The second-largest U.S. wireless carrier earned 69 cents per share, excluding items, 6 cents above the average analyst estimate.
NEW YORK, July 23 (Reuters) – Comcast Corp, the
largest U.S. cable operator, posted in-line second-quarter
results, as its high-speed Internet and NBC Universal businesses
grew amid a drop in pay-TV subscriber departures.
Comcast, also the No.1 U.S. high-speed Internet provider,
said on Thursday total revenue rose 11.3 percent to $18.74
billion in the second quarter ended June 30. Analysts on average
had forecast revenue of $18.14 billion, according to Thomson
NEW YORK (Reuters) – Verizon Communications Inc ‘s upcoming mobile video service will drive revenue with a combination of highly targeted ads, exclusive content and pay-per-view live concerts and sporting events, Chief Financial Officer Fran Shammo said in an interview on Tuesday.
Most Americans own a mobile phone and Verizon is looking at offering video content to increase data consumption on mobile devices and grow revenue. The digital video service, which it expects to release this summer, is aimed at families and younger viewers who increasingly view content on mobile devices.
July 21 (Reuters) – Verizon Communications Inc on
Tuesday lowered its full-year revenue target as it fends
promotions from its competitors.
Investors shrugged off higher-than-expected second-quarter
earnings, which resulted mostly from a jump in tablet
subscribers, and sent shares of the largest U.S. wireless
service provider down as much as 3 percent.
By Malathi Nayak and Devika Krishna Kumar
(Reuters) – Verizon Communications Inc on Tuesday lowered its full-year revenue target after users on average paid less for its services during the second quarter amid continuing industry competition and promotional activity.
Investors shrugged off higher-than-expected earnings from the largest U.S. wireless service provider and sent its shares down 2.5 percent.