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“Verizon shares tumble as inflation hits wireless forecast” Verizon Communications on Friday tempered its full-year forecasts for profit and wireless service revenue as its spends heavily on upgrading its network, while rising inflation stops customers from opting for newer or pricier plans. Shares of the company were down nearly 6% in midday trading. Verizon said it now…
“Verizon confirms issues impacted customer phone calls” Verizon confirmed “intermittent issues” were affecting its network on Friday after New York residents and other East Coast customers noted they were having trouble making or receiving phone calls. DownDetector, a site that tracks outages, noted a spike in reports beginning around 1 p.m. ET. An outage map…
“#Airline industry demanding FCC delay of 5G rollout” Airlines are demanding the Federal Communications Commission delay a scheduled rollout of new 5G wireless service near dozens of major airports, saying it could pose a safety risk by interfering with electronics that pilots rely on. Airlines for America, a trade group representing large U.S. passenger and…
“#Airlines warn 5G could jam systems, lead to 350K delays a year” Airline executives are sounding louder alarms about the impending rollout of 5G service, warning that the cellphone frequencies could lead to 350,000 delays each year by jamming their in-flight systems. The ultra-fast so-called C-Band service is set to roll out nationally in big…
“#AT&T, Verizon delay 5G rollout amid FAA airplane safety concerns” AT&T and Verizon said they had agreed to delay by a month the commercial launch of a new 5G frequency band pending an assessment of any impact on aviation safety technologies. The Federal Aviation Administration and the Federal Communications Commission said in a joint statement they would…
“#Verizon moving hundreds of NYC employees to a new tower on the Lower East Side” Verizon is making a pioneering move to the Lower East Side, with plans to move hundreds of staffers to the trendy neighborhood’s new Essex Crossing development — and out of its historic city offices at 140 West St. The initial…
“#Verizon’s new spam filter blocks phone numbers similar to yours” Verizon is cracking down on obnoxious spam calls that target consumers by using area codes and phone numbers that are similar to their own. So-called “spoofing” calls will be filtered out by a new tool that is available for free for Verizon customers, the cell…
“#Private equity firm Apollo acquires Verizon media group for $5B” Private equity firm Apollo Global Management has acquired Verizon’s media group for $5 billion, the two companies announced Monday. Verizon Media, which includes properties from the former internet empires of AOL and Yahoo, will be rebranded as “Yahoo,” the announcement said. Verizon said it will…
“#Man crashes into Verizon store after disagreement with workers” Shocking surveillance footage shows an irate phone store customer crash his car into a Virginia Verizon shop earlier this week after workers there refused his demands, a report said. The suspect narrowly missed employees at the Alexandria store when he plowed his Chevy Cruz through the…
“#Warren Buffett reveals big stakes in Verizon, Chevron” Warren Buffett’s Berkshire Hathaway on Tuesday announced two major new investments, revealing an $8.6 billion stake in the phone company Verizon Communications and a $4.1 billion stake in oil company Chevron. The investments were disclosed in a regulatory filing detailing Berkshire’s U.S.-listed stock holdings as of Dec….