Posts tagged “Verizon”
Google and Verizon are close to finalizing a proposal for so-called "network neutrality" rules, which would dictate how broadband providers treat Internet traffic flowing over their lines, according to reports filed by The Associated Press on Thursday.
The company has been laying off workers quickly in the shrinking traditional phone business. It offered a buyout to union workers in May, with a $50,000 one-time bonus per employee, improvements to pension payouts and other benefits. Verizon expects 11,000 to take advantage of it, and said two-thirds of them had left the payroll as of early July.
Even with all the bells and whistles, its design means the Droid X is not for everyone. If you're more into chatting on your cell phone than couching out with it, it probably won't be the best pick. But if you would rather indulge in videos and Web surfing, this category-blurring phone makes the cut.
FCC commissioner’s plan for so-called “net neutrality” plan faces stiff resistance from the broadband providers themselves, such as AT&T and Verizon. But several big Internet companies favor changes. FCC offers live webcast coverage of event.
As wireless subscribers explode in number, usage from voice to data climbs ever higher, speed improves and competition drives better service, true mobile broadband is becoming a reality.
CFO John Killian tells analysts in conference calls that layoff pace could increase. "In the last couple of years we've reduced our wireline work force by about 13,000 per year and I said we'd do the same this year. I now actually think we have the ability to do more this year," he says.
Verizon is nearing the end of its program to replace copper phone lines with optical fibers that provide much higher Internet speeds and TV service. Its focus is now on completing the network in the communities where it's already secured "franchises," the rights to sell TV service that rivals cable.