Showing posts with label Verizon. Show all posts
Showing posts with label Verizon. Show all posts

Friday, June 16, 2017

Verizon completes Yahoo! acquisition for $4.48bn, launches Oath

Verizon Communications announced the completion of its acquisition of the operating business of Yahoo!, and that it has combined these assets with its existing AOL business to create a new subsidiary, Oath, comprising more than 50 media and technology brands worldwide.

Verizon acquired the Yahoo! operations for approximately $4.48 billion through an agreement originally announced in July last year. Closing of the agreement was delayed as the companies assessed the effect of two data breaches disclosed by Yahoo! after the transaction was announced. The agreement originally value Yahoo! at approximately $4.8 billion in cash.

As a subsidiary of Verizon, Oath will focus on building its brands. The company reaches over one billion people worldwide, offering a group of over 50 media and technology brands. The new Oath portfolio includes HuffPost, Yahoo Sports, AOL.com, MAKERS, Tumblr, BUILD Studios, Yahoo Finance, Yahoo Mail.

The business, part of Verizon's Media and Telematics organisation, will be led by Tim Armstrong, former CEO of AOL. Mr. Armstrong has been leading integration planning teams since the Yahoo transaction was announced in July 2016.

Tim Armstrong is also leading efforts to continue to build an advanced and open advertising technology solutions, with brands such as ONE by AOL and BrightRoll spanning mobile, video, search, native and programmatic ads.

Verizon stated that following the changes to former Yahoo! CEO Marissa Mayer's role with Yahoo as a result of the closing of the transaction, Ms. Mayer has resigned from the company.

Commenting on the transaction, Marni Walden, president of Media and Telematics, said, "The close of this transaction represents a critical step in growing the global scale needed for Verizon's digital media company... the combined set of assets across Verizon and Oath, from VR to AI, 5G to IoT, from content partnerships to originals, will create new ways to (address) audiences globally".



  • In April this year, Verizon announced it would adopt a new operating structure focused on three areas: Media and Telematics, Network and Technology, and Customer and Product Operations.
  • Verizon also announced the appointment of: Marni Walden as EVP of the Media and Telematics business; Hans Vestberg, former CEO of Ericsson, as EVP of the new Network and Technology operation; and John Stratton as EVP of the Customer and Product Operations unit.

Sunday, May 14, 2017

Verizon to acquire Straight Path for $3.1bn

Straight Path Communications has announced a definitive merger agreement under which Verizon Communications will acquire Straight Path for $184.00 per share, equating to an enterprise value of approximately $3.1 billion, in an all-stock transaction.

Straight Path holds an extensive portfolio of 39 GHz and 28 GHz wireless spectrum licenses, specifically 868 FCC spectrum licenses providing wireless coverage across the U.S. The company also develops next generation wireless technology through its Straight Path Ventures subsidiary, and holds licenses and conducts business related to certain patents via its Straight Path IP Group subsidiary.

Concurrent with the agreement, Verizon will pay on behalf of Straight Path a termination fee of $38 million to AT&T, which on April 10th announced an agreement to acquire Straight Path for $95.63 per share, representing a total value of $1.6 billion. The sum implied a premium of 204% to the closing price of Straight Path's stock of $31.41 on January 11th and a 162% premium to the $36.48 price on April 7th.

As part of the agreement with Verizon, Straight Path announced that it is terminating the previously announced definitive agreement to merge with AT&T and Switchback Merger Sub. As previously announced, the Straight Path board determined after consultations with financial and legal advisors that the transaction with Verizon constituted a superior proposal. AT&T opted not to make any new bids or proposals to Straight Path or to propose amendments to the original agreement.

The acquisition of Straight Path for $184.00 per share in Verizon stock implies a premium of 486% to the closing price of Straight Path common stock of $31.41 on January 11, 2017, the day prior to Straight Path announcing its FCC settlement and strategic alternatives process, and a 404% premium to the closing stock price of $36.48 on April 7th, the business day prior to announcement of the AT&T merger agreement.

The proposed transaction has been approved by the boards of directors of Straight Path and Verizon, and the companies currently anticipate closing within nine months, subject to FCC review. The transaction is supported by Straight Path's majority shareholder, Howard Jonas, who has entered into a voting agreement with Verizon and agreed to vote his Class A shares in support of the transaction.

Regarding the acquisition, Hans Vestberg, EVP and president of global network and technology at Verizon, said, "Verizon now has all of the pieces in place to accelerate the deployment of 5G… combined with the recent transactions with Corning, XO Communications and Prysmian Group, this is another step to build the next-generation network for its customers".



AT&T Buys 39 GHz and 28 GHz Licenses for $1.6 Billion



AT&T agreed to acquire Straight Path Communications, which holds a nationwide portfolio of millimeter wave (mmWave) spectrum, including 39 GHz and 28 GHz licenses. Specifically, AT&T will acquire 735 mmWave licenses in the 39 GHz band and 133 licenses in the 28 GHz band. These licenses cover the entire United States, including all of the top 40 markets. The deal was valued at $1.6 billion, which includes liabilities an

Saturday, May 13, 2017

Samsung and Cisco work with Verizon to implement 5G in Detroit

Samsung Electronics America, a subsidiary of Samsung Electronics, and Cisco, in partnership with Verizon, announced the successful deployment of what is believed to be the first multi-vendor end-to-end 5G trial network in the field, specifically in the Ann Arbor suburb of metropolitan Detroit in Michigan.

The companies noted that earlier in the year, Verizon announced that it planned to conduct customer trials of 5G technology for home broadband service via fixed wireless access. Under this program, Verizon is planning to launch trials in five U.S. cities in the second quarter of 2017 and expects to be conducting pilot trials in a total of 11 markets by the middle of the year.

The partners stated that each trial location presents a unique set of test parameters, including in terms of equipment vendors, geographies, population density and demographics. Ann Arbor is the first location to address a multi-vendor deployment of 5G, leveraging a solution that includes a 5G virtualised packet core based on the Cisco Ultra Services Platform with Advanced Services and Samsung's virtual RAN (vRAN), combined with its 5G Radio base stations and 5G home routers, to enable the delivery of broadband services to trial customers.

Based on Verizon's 5G Technical Forum specification, the three companies have completed a series of network vendor interoperability tests (NVIOT) that demonstrated seamless interworking between core network, radio edge and user devices. The tests also served to demonstrate a core principle of next-generation network virtualisation via multi-vendor support.

The Verizon multi-vendor trial is designed to showcase the readiness of key 5G technologies and prepare the way for the deployment of commercial 5G networks in the future. The trial also demonstrates that service providers can implement 5G networks to address specific market requirements by selecting network infrastructure components from a range of vendors.

Early ecosystem development has become a core focus for 5G, with IT and telecom pioneers alike working to build alignment and stability around next-generation R &D. Verizon’s 5G Technical Forum, to which Cisco and Samsung are strong contributors, has set out to establish early direction for commercial 5G technologies and services, with the goal of establishing a body of experience that is already being used to inform global 5G standards development efforts and ensure a smooth transition to commercialization.



  • Verizon announced in February plans to rollout 5G pre-commercial services to select customers in 11 U.S. markets by mid-2017. The company noted that the trials would encompass hundreds of cell sites and several thousand customer locations, with pilot markets to include Ann Arbor, Atlanta, Bernardsville (New Jersey), Brockton (Massachusetts), Dallas, Denver, Houston, Miami, Sacramento, Seattle and Washington DC.

Wednesday, May 10, 2017

Verizon expands universal CPE portfolio with whitebox, OpenStack

Verizon announced it has expanded its Virtual Network Services offering with the addition of x86-based whitebox options leveraging OpenStack to its universal customer premises equipment (uCPE) portfolio.

Verizon's uCPE offering means that enterprises do not need to invest in separate, dedicated hardware appliances to deliver key virtual network functions (VNFs) such as software-defined WAN (SD-WAN), security, routing, WAN optimisation, or any network function that can be virtualised.

Verizon is seeking to simplify the transition to software-defined, application-centric network deployments for organisations of any size by expanding its Virtual Network Services uCPE options from vendor-specific platforms to an open hardware, open source whitebox architecture.

Verizon's uCPE portfolio targets applications ranging from solutions suitable for small retail sites up to large data centre deployments and leverages commercial-off-the-shelf (COTS) hardware and a globally distributed open source architecture. This allows enterprises to rapidly deploy services globally using Verizon's application library.

The uCPE solution features service chaining and enterprise orchestration functionality that enables automated onboarding and provisioning, with future orchestration releases to offer service assurance capabilities for fault and performance monitoring, closed-loop healing and a VNF factory. The enhanced life-cycle orchestration capabilities are designed to enable enterprises to implement near real-time SDN technologies.


Verizon noted that the combination of COTS hardware and a distributed deployment of OpenStack allows customers to decouple hardware from software and removes the need for proprietary hardware. This capability can help customers to reduce costs and simplify the physical network architecture, as well as allowing them to choose the most suitable hardware and applications for their individual requirements.


Tuesday, May 9, 2017

Verizon selects Prysmian to supply optical cable under $300m 3-year agreement

Italy-based Prysmian Group, a major supplier of cable systems to the energy and telecom industries, announced has been awarded a supply agreement by Verizon Communications to support its U.S. network expansion.

The three-year contract is valued at approximately $300 million and will include the supply of more than 17 million fibre km (10.6 million miles) of ribbon and loose tube cables. To support this contract, as well as demand from other carriers, Prysmian plans to make a significant investment through 2018 in its U.S.-based optical cable operation. Prysmian's telecom division has been qualified as a provider of fibre, optical cable and connectivity solutions to Verizon for over a decade.

Prysmian noted that Verizon is expanding its infrastructure based on a next-generation fibre platform designed to support the deployment of 5G services, as well as enhance 4G LTE and other broadband capacity.

Prysmian added that Verizon believes demand for next-generation PON (NGPON2) technology will extend well beyond 2020 as new technologies such as 5G and the IoT experience increasing adoption.

Prysmian has an established manufacturing base in the U.S. for optical fibre and cable for a range of applications, with three telecom production sites, including two for the production of optical cable and one for optical fibre.



  • In April, Verizon announced a three-year minimum purchase agreement with Corning for the provision of fibre optic cable and associated hardware equipment to ensure coverage and capacity for its nationwide wireless broadband network. Under the agreement, Verizon is to purchase from Corning up to 20 million km (12.4 million miles) of optical fibre in each of the three years from 2018 to 2020, with a minimum purchase commitment of $1.05 billion.


Tuesday, May 2, 2017

Equinix Takes on Board 29 Verizon Data Centers

Equinix completed its previously-announced acquisition of 29 data centers and their operations from Verizon Communications. The deal was first announced in December 2016.

The transaction, which was valued at $3.6 billion in cash, includes over 1,000 customers, of which over 600 are net new, and approximately three million gross square feet of data center space. The 29 data centers are located across 15 cities in North and Latin America, three markets of which are new to Equinix (Bogota, Culpepper and Houston), bringing Equinix's total global footprint to over 175 International Business Exchange (IBX) data centers across 44 markets and approximately 17 million gross square feet.

Among the newly acquired properties is the NAP of the Americas in Miami, Florida. a key interconnection point, hub and gateway for Latin America. The NAP of the Americas is the fourth largest Internet exchange point in the U.S. It hosts the termination points of 15 subsea cable systems and more than 120 global networks interconnecting to approximately 150 countries.

Equinix also noted that the data center in Culpepper, Virginia  (CU1, CU2, CU3 and CU4) represents one of the most secure and technologically sophisticated data center campuses in the eastern U.S. The Culpepper data center is designed to meet the highest government standards.

"The 29 new data centers greatly expand our ability to enable global interconnection within our robust ecosystems, as the economies of North, Central and South America continue to thrive.  I am especially thrilled to welcome over 250 new employees and the hundreds of new customers to the Equinix family," stated Karl Strohmeyer, President, Americas, Equinix.

http://www.equinix.com


Thursday, April 20, 2017

Verizon: Revenue Down 4.5%, LTE Traffic up 57%

Verizon reported consolidated Q1 revenue of $29.8 billion, a 7.3 percent decrease compared with first-quarter 2016, but down 4.5 percent on a comparable basis excluding divestitures and acquisitions in the period. Net income was $3.6 billion in first-quarter 2017, and EBITDA (non-GAAP, earnings before interest, taxes, depreciation and amortization) totaled $11.2 billion. Consolidated operating income margin was 24.1 percent.

Earnings per share (EPS) were 84 cents in earnings per share (EPS) and adjusted EPS (non-GAAP) ws 95 cents, excluding non-operational items, compared with EPS of $1.06 in 1Q 2016.and adjusted EPS (non-GAAP) of 95 cents, excluding non-operational items, compared with EPS of $1.06 in 1Q 2016. Capital expenditures totaled $3.1 billion in first-quarter 2017.

Some Wireless highlights                                                              

  • There was a net decline of 307,000 retail postpaid connections in first-quarter 2017 included 289,000 phone losses. Prior to the launch of Unlimited service in mid-February, Verizon had a retail postpaid phone net loss of 398,000; after the launch, Verizon added 109,000 retail postpaid phone connections. For the entire quarter, Verizon added a net of 49,000 smartphones to its retail postpaid phone base.
  • Verizon’s retail postpaid connections base grew 1.2 percent year over year to 108.5 million, and retail prepaid connections grew 0.5 percent to 5.4 million.
  • Retail postpaid churn was 1.15 percent in first-quarter 2017, a year-over-year increase of 19 basis points primarily due to increased churn in tablets. Phone customer loyalty remained high, with retail postpaid phone churn of less than 0.90 percent for the eighth consecutive quarter.
  • Total revenues were $20.9 billion in first-quarter 2017, a decline of 5.1 percent compared with first-quarter 2016, due to decreased overage revenue, lower postpaid customers in the quarter and continued promotional activity.
  • In first-quarter 2017, overall traffic on LTE increased about 57 percent compared with first-quarter 2016, while Verizon extended its lead in the industry’s third-party network performance studies across the country.

Some Wireline highlights

  • Total wireline revenues declined 0.6 percent, to $7.9 billion, comparing first-quarter 2017 with first-quarter 2016. Consistent with recent trends and on a comparable basis (non-GAAP), this decline was 3.2 percent, excluding revenues from XO Communications in first-quarter 2017.
  • Total Fios revenues grew 4.7 percent, to $2.9 billion, comparing first-quarter 2017 with first-quarter 2016. This supported revenue growth of 0.7 percent in consumer markets and 2.3 percent in business markets.
  • In first-quarter 2017, Verizon added a net of 35,000 Fios Internet connections and lost a net of 13,000 Fios Video connections. At the end of first-quarter 2017, Verizon had 5.7 million Fios Internet connections and 4.7 million Fios Video connections, year-over-year increases of 3.3 percent and 0.1 percent, respectively.


http://www.verizon.com

Wednesday, April 19, 2017

Verizon Award $1.05B Contract to Corning for Fiber and Related Hardware

Verizon Communications has announced a three-year minimum purchase agreement with Corning for the provision of fibre optic cable and associated hardware equipment to Verizon to ensure coverage and capacity for its nationwide wireless broadband network.

Under the new agreement, Verizon will purchase from Corning up to 20 million km (12.4 million miles) of optical fibre each of the three years from 2018 through to 2020, with a minimum purchase commitment of $1.05 billion.

It was noted that in recent months, Corning has announced plans to expand capacity and to invest more than $250 million in its optical fibre, cable and solutions manufacturing facilities to help address demand from carrier and enterprise customers worldwide. Corning expects that these capacity expansions will begin to come online during 2017 and become fully operational in 2018.

Verizon noted that it is engaged in revamping its network architecture based on a next-generation fibre platform designed to support all of the company's businesses. The new architecture is designed to improve Verizon's 4G LTE coverage, speed the deployment of a 5G network and enable the delivery of high-speed broadband to homes and businesses.

In an initial deployment, Verizon launched its One Fiber approach in Boston last year and plans to invest $300 million over six years to deploy it throughout the city. Verizon announced plans in April 2016 to build a new fibre network to support services including Fios in Boston, and invited expressions of interest from residents and small businesses in eight neighbourhoods in the city, which it calls 'fibre zones'.

In January of this year the company announced the launch for customers in parts of Boston, as well as Norfolk, Virginia, of the Fios Instant Internet service offering symmetrical 750 Mbit/s bandwidth.

Verizon also announced the launch of Fios Instant Internet in greater New York City and northern New Jersey, Philadelphia and Richmond, providing a total of over 7 million customers on the East Coast with access to its instant bandwidth offering.

Regarding the agreement, Viju Menon, Verizon chief supply chain officer, commented, "Verizon identified a shortfall in fibre supply and has been working with business teams to forecast demand and fill supply gaps with existing suppliers... securing the required volume of optical fibre and hardware solutions with Corning will ensure it can meet its planned rollout schedules".

http://www.verizon.com/about/media-center


Tuesday, April 4, 2017

Verizon to Resell Equinix Colo and Interconnection Services

Verizon Enterprise Solutions and Equinix, the global interconnection and data centre company, announced an agreement through which Verizon will resell Equinix colocation and interconnection services worldwide.

Under the new reseller agreement, Verizon will be able to offer expanded solutions by combining colocation and interconnection services in Equinix International Business Exchange (IBX) data centres worldwide with its security, network and communications services to enable enterprises to implement hybrid cloud solutions and access a multi-cloud environment. The agreement provides direct, private access to cloud service providers including AWS, Microsoft Azure and Google Cloud Platform.

The companies noted that the agreement builds on a long-standing relationship between Equinix and Verizon and follows an agreement of December 2016 through which Equinix is to acquire certain data centre sites from Verizon.

Equinix announced on December 6th last year that it had entered into a definitive agreement to purchase a portfolio of 24 data centre sites and operations from Verizon for $3.6 billion through an all cash transaction.


The 24 sites encompass 29 data centre facilities in 15 metro markets across the Americas region. The facilities and customers will strengthen Equinix's global platform by increasing interconnection in the U.S. and Latin America and adding three new markets, namely Bogotá, Colombia, Culpeper, Virginia and Houston, Texas. The acquisition also strengthens Equinix's position in the enterprise and strategic market sectors such as government and energy.

The agreement will expand Equinix's total global footprint to 175 data centres across 43 markets, with approximately 17 million gross sq feet of space throughout the Americas, Europe and Asia Pacific markets. The transaction is expected to close around mid-2017.

Earlier this year, Equinix announced agreements to acquire ICT-Center AG, Zurich's data centre operating business in Zurich, Switzerland, with a facility adjacent to its existing Zurich IBX data centres ZH2 and ZH4, and a transaction to purchase IO UK's data centre operating business in Slough, UK, close to its existing Slough data centre campus.

http://www.verizon.com
http://www.equinix.com

Sunday, April 2, 2017

Verizon Adopts a New Operating Structure, Hires Hans Vestberg

Verizon appointed Hans Vestberg, former CEO of Ericsson, as executive vice president for its new Network and Technology team, where he will be responsible for further developing the architecture of Verizon’s fiber-centric networks.  Vestberg will report to Verizon Chairman and CEO Lowell McAdam.

Verizon is adopting a new operating structure focused on three areas: Media and Telematics, Network and Technology, and Customer and Product Operations.

Marni Walden will serve as executive vice president for Media and Telematics, which will focus on integrating, scaling and growing Verizon’s portfolio of new businesses in digital media and telematics. The company said the combination of AOL with the assets of Yahoo will give it more than 1.3 billion digital media users and generate $7 billion in revenue. Walden’s team will be responsible for integrating these businesses and building brand and market share in this growing market. In addition, Walden will continue to lead Verizon’s integration and expansion of its telematics (connected car and fleet management) portfolio, including assets from Hughes Telematics, Fleetmatics and Telogis.

John Stratton will be executive vice president for Customer and Product Operations, which will focus on operating and growing Verizon’s established businesses, including Verizon Wireless, Verizon Enterprise Solutions, Verizon Partner Solutions, Verizon Consumer Markets and Verizon Business Markets. These businesses generate more than $120 billion in annual revenue and serve more than 120 million customers.

Lowell McAdam said, “This new structure is designed to accelerate our progress toward delivering the promise of the digital world to customers. It will give us greater organizational agility to continue to lead the market with our wireless and fiber services, scale and expand our media and telematics businesses, and maintain the leadership in network reliability and new technology that is a Verizon trademark.”

http://www.verizon.net


Thursday, March 30, 2017

Verizon Launches LTE-M Nationwide

Verizon announced the commercial launch of its nationwide 4G LTE Category M1 (or Cat M1) network. The coverage spans 2.4 million square miles.

Verizon will introduce low rate, multi-year plans to match the longer useful life of Cat M1 devices, including data plans that start at $2 per month per device, with customized options available for bulk activations and volume purchases.

Verizon said its Cat M1 network is built on a virtualized cloud environment which enables rapid and agile IoT solution deployment and nationwide scaling aimed at increasing IoT adoption for developers and businesses with new and more economical IoT data plans.

“We are very proud to again demonstrate our innovative leadership by providing this commercially available network for our customers, an industry first,” said Mike Haberman, Network Vice President at Verizon.  “As the natural shift from CDMA-based IoT solutions to the more robust and cloud-based LTE technology occurs, it’s important we stay ahead of that technology evolution for our customers so we can continue to provide them service on the best and most advanced wireless network. Our commercial deployment of the nationwide LTE Cat M1 network does just that.”

Verizon’s Cat M1 partners include Sequans, Telit, U-Blox, Sierra Wireless, Gemalto, Qualcomm Technologies, and Altair.

http://www.verizon.com

Sunday, February 26, 2017

Verizon Launches Exponent Services for Global Carriers

Verizon unveiled Exponent, its new business and technology venture offering a portfolio of software and internet platforms designed to enable carriers around the world to quickly deploy and launch next-generation solutions.

Exponent leverages Verizon's innovation and experience in building its own network to provide the same foundation for other carriers to fuel their digital transformation and expanding their Big Data and Artificial Intelligence, Internet of Things (IoT), Media Services and Internet Services Delivery platforms.

"As carriers around the world seek to compete with new, emerging technology players and OTT service providers, Exponent provides a cost-effective way for them to leverage Verizon's investment and experience to diversify and help grow their revenue streams while relying on our tradition of innovation, reliability and excellence," said Guru Pai, Chief Product Officer at Verizon.

Exponent platforms provide a broad range of business and technical benefits to carriers including:

  • Big Data and Artificial Intelligence Platform – designed to assist carriers to unlock and monetize their wealth of data through the application of advanced machine learning techniques, deep analytics, and artificial intelligence. This new groundbreaking platform enables service providers to utilize their unique data sets in the marketplace and open new business opportunities.
  • IoT Platform – from silicon to vertical solutions, this platform eliminates many of the limitations carriers have traditionally faced in managing the known complexities of its IoT growth business. By integrating a wide set of capabilities, from managing all end user devices and connections to a developer and customer marketplace, carriers are empowered to accelerate their IoT use cases.
  • Media Services Platform – through cross-platform video and advanced media services across multiple networks with different end point devices, this platform reduces complexity to a simple integrated end-to-end next-generation video technology, handling everything from content ingestion to the final user screen. These solutions allow carriers to easily process at scale any type of video content from linear TV feeds to live streaming, OTT and emerging formats such as 360 video and VR, at a very convenient cost structure, while delivering a rich and customizable user experience.
  • Internet Services Delivery Platform – with the goal of managing the ever-increasing infrastructure demand, this platform provides a powerful and flexible real-time flow-based solution that helps operators launch revenue-generating internet services, create value-based pricing and consumer engagement plans, and deliver dynamic network optimization capabilities through a simple management interface.
  • Cloud Computing and Storage Platform – designed and built with carrier-sized deployments in mind, this container-based architecture allows carriers to rapidly deploy new services with a focus on scale and security, all while optimizing for both performance and cost.


http://www.exponentplatforms.com
http://www.verizon.com

Wednesday, February 22, 2017

Verizon Rolls Pre-Commercial 5G in 11 U.S. Markets

Verizon plans to rollout 5G pre-commercial services to select customers in 11 U.S. markets by mid-2017.

Verizon describes its 5G build as the largest 5G proving ground in the world, encompassing several hundred cell sites that cover several thousand customer locations. Pilot markets include: Ann Arbor, Atlanta, Bernardsville (NJ), Brockton (MA), Dallas, Denver, Houston, Miami, Sacramento, Seattle and Washington, D.C.

"Ericsson's partnership with Verizon in rolling out 5G customer trials is accelerating the global 5G ecosystem," said Rima Qureshi, Head of Region North America, Ericsson. "These end-to-end solutions are a key step for preparing Verizon's network for commercial deployment with different 5G scenarios and use cases."

"The tremendous progress we have made with Verizon in commercializing 5G represents our companies' mutual focus on delivering the highest level of innovation to our customers," said Woojune Kim, Vice President, Next Generation Business Team, Samsung Electronics. "The 5G systems we are deploying will soon provide wireless broadband service to homes, enabling customers to experience cost-competitive, gigabit speeds that were previously only deliverable via fiber."

"5G technology innovation is rapidly evolving," said Adam Koeppe, Vice President, Network Planning at Verizon. "Network density is increasing to meet the demands of customers, and following the FCC's aggressive action on 5G spectrum, the time is right to deliver the next generation of broadband services with 5G."

Verizon's 5GTF ecosystem partners include Ericsson, Intel, Qualcomm Technologies, Inc. and Samsung.

http://www.verizon.com

Tuesday, February 21, 2017

Verizon Enterprise Picks Ericsson for NFV Services

Verizon Enterprise Solutions has selected Ericsson for its virtualized global Managed Network Services offerings, including Software Defined Wide Area Networking (SD WAN) services. Financial terms were not disclosed.

Ericsson said it will supply enabling technologies to allow Verizon customers to take advantage of self-service ordering and configuration, end-to-end automation and flexible payment models resulting in more efficient service delivery. The self-service offerings are expected to include security packages, WAN optimization and data center load balancing for tighter service integration and better performance.

Specifically, Ericsson is providing to Verizon end-to-end dynamic orchestration, closed-loop service assurance and virtual network function (VNF) onboarding and testing. The solution is based on Ericsson's orchestration offering in conjunction with consulting and systems integration services. Ericsson Cloud Manager, including model-driven configuration management, and Ericsson Order Care provide the orchestration engine while the VNF Factory enables efficient onboarding and validation of VNFs into Verizon's ecosystem, while reducing its time to market for new Verizon enterprise services.

Shawn Hakl, Vice President of Networking and Security Solutions, Verizon, says: "This project grew out of Verizon's long-standing relationship with Ericsson and builds on the successful launch of our mobile offering that leverages Ericsson's cloud orchestration solutions to provide VPN capabilities for mobile devices. We are jointly developing on Ericsson's innovative and comprehensive platform to enable a wide range of secure virtual networking services to our enterprise customers."

"Our latest work together in NFV Orchestration will help Verizon to continue to lead the industry with its hybrid managed networks at scale. Verizon offers the flexibility, speed and scale required for proactively meeting the needs of enterprise customers worldwide," stated Jean-Philippe Poirault, Head of Business Unit IT & Cloud Services at Ericsson.

https://www.ericsson.com/news/2080007

Sunday, February 12, 2017

Verizon Rejoins Unlimited Mobile Data Club

Verizon is launching an unlimited mobile data plan.

Verizon Unlimited provides unlimited data on a smartphone and tablet over its LTE network. The plan also covers HD video streaming, Mobile Hotspot, calling and texting to Mexico and Canada and up to 500 MB/day of 4G LTE roaming in Mexico and Canada. However, after 22 GB of data usage on a line during any billing cycle, Verizon said it may prioritize usage behind other customers in the event of network congestion. Mobile Hotspot provides 10 GB of 4G LTE data, after that, the speed drops to 3G equivalent.

Verizon Unlimited has two options:

  • $80 for unlimited data, talk and text on a smartphone with paper-free billing and AutoPay.
  • $45 per line for four lines with unlimited data, talk and text on smartphones and tablets with paper-free billing and AutoPay.

Verizon is now offering add on service to a connected smart watch, GizmoPal, or other connected device for $5 each month.

"We've built our network so we can manage all the activity customers undertake. Everything we've done is to provide the best experience on the best network – and we've built it for the future, not just for today," said Ronan Dunne, president of Verizon's wireless division. "We also fundamentally want you to have more choice. We're not limiting you to a single plan. If you don't need unlimited data, we still have 5 GB, S, M, and L Verizon plans that are perfect for you."

Verizon noted that its 4G LTE network already covers more than 2.4 million square miles and consistently delivers fast speeds in more places than any other network.

http://www.verizon.com/about/news/get-unlimited-data-network-you-deserve-verizon

Wednesday, February 1, 2017

Verizon Completes XO Acquisition

Verizon completed its $1.8 billion purchase of XO Communications’ fiber-optic network business. The deal was first announced in February 2016. Network integration work begins immediately.

"This transaction with XO will bring significant benefits in how we deliver superior services to our customers," said John Stratton, Verizon executive vice president and president of Operations.  "XO’s fiber network will add ever greater capacity and reach to Verizon’s networks, a combination that will lead to enhanced capabilities, better services and faster rollout of next generation communication networks."

Separately, Verizon will simultaneously lease available XO wireless spectrum, with an option to buy XO’s entity that holds its spectrum by year-end 2018.

http://www.verizon.com
http://fios.verizon.com

Tuesday, January 24, 2017

Verizon's Revenue Dip as Competition Intensifies

Citing intensified wireless competition, Verizon reported lower Q4 and full-year 2016 revenues and profitability.

Total consolidated operating revenues in fourth-quarter 2016 were $32.3 billion, a 5.6 percent decrease compared with fourth-quarter 2015. Full-year 2016 revenues were nearly $126.0 billion, a 4.3 percent decline. Excluding revenues from since-divested local landline businesses and AOL, adjusted full-year total operating revenues on a comparable basis (non-GAAP) would have declined approximately 2.4 percent.

Net income was $4.6 billion in fourth-quarter 2016, and net income margin was 14.2 percent. EBITDA (non-GAAP, earnings before interest, taxes, depreciation and amortization) totaled $12.0 billion, and the consolidated EBITDA margin (non-GAAP) was 37.1 percent in fourth-quarter 2016.

Fourth-quarter 2016 EPS came in at $1.10,and full-year EPS at $3.21. Adjusted fourth-quarter 2016 EPS (non-GAAP) of 86 cents excluded 24 cents in net gains related to mark-to-market pension and OPEB (other post-employment benefits) adjustments and severance-related costs.

During 2016, Verizon invested in its networks with $17.1 billion in capital expenditures, completed wireline divestitures of three markets, negotiated new labor contracts, executed successful technical trials of 5G wireless service and expanded its new growth businesses.

“We are positioning Verizon for future growth and continued sustainable shareholder value,” said Chairman and CEO Lowell McAdam. “In the fourth quarter we expanded our customer base in highly competitive wireless and broadband markets. This capped a year in which we delivered solid results and returned value to shareholders, including $9.3 billion in dividends. We enter 2017 with confidence, based on our investments in next-generation networks and the new capabilities we have acquired. Our goal is to continue to earn our customers’ loyalty every day in a rapidly expanding mobile-first digital world.”

Verizon Wireless highlights

  • Verizon reported 591,000 retail postpaid net additions in fourth-quarter 2016. 
  • At year-end 2016, Verizon had 114.2 million retail connections, a 1.9 percent year-over-year increase. Verizon’s retail postpaid connections base grew 2.1 percent to 108.8 million, and retail prepaid connections totaled 5.4 million. Full-year postpaid net additions of 2.3 million included 1.8 million 4G smartphones and 1.4 million 4G tablets, offset primarily by declines in basic phones and 3G smartphones.
  • Total revenues were $23.4 billion in fourth-quarter 2016, a decline of 1.5 percent compared with fourth-quarter 2015, as more customers continued to choose unsubsidized device payment plans. For the full year, revenues totaled $89.2 billion, a decline of 2.7 percent. Service revenues plus device payment plan billings increased 1.7 percent in fourth-quarter 2016, compared with fourth-quarter 2015.
  • At year-end 2016, approximately 67 percent of postpaid phone customers were on a non-subsidized service pricing plan, ahead of target due to high volumes in fourth-quarter 2016.
  • In fourth-quarter 2016, overall traffic on LTE increased by approximately 49 percent compared with fourth-quarter 2015, while Verizon extended its lead in the industry’s third-party network performance studies across the country.

Wireline highlights

  • Total wireline revenues decreased 3.1 percent, to $7.8 billion, comparing fourth-quarter 2016 with fourth-quarter 2015. Retail consumer revenues grew 0.2 percent, to $3.2 billion, supported by consumer Fios revenue growth.
  • Total Fios revenues grew 4.4 percent, to $2.9 billion, comparing fourth-quarter 2016 with fourth-quarter 2015. Full-year Fios revenues were $11.2 billion in 2016, a 4.6 percent increase compared with 2015.
  • In fourth-quarter 2016, Verizon added a net of 68,000 Fios Internet connections and 21,000 Fios Video connections. Customer demand for Custom TV continues to remain strong. At year-end, Verizon had 5.7 million Fios Internet connections and 4.7 million Fios Video connections.
  • In the fourth quarter, Verizon began offering consumer and business fiber-based services to customers in Boston, as part of the company’s One Fiber initiative.
  • Wireline operating income was $414 million in fourth-quarter 2016, compared with $7 million in fourth-quarter 2015. Segment operating income margin was 5.3 percent in fourth-quarter 2016. Segment EBITDA (non-GAAP) was $1.9 billion in fourth-quarter 2016, up 17.7 percent from fourth-quarter 2015. Segment EBITDA margin (non-GAAP) was 24.1 percent in fourth-quarter 2016, compared with 19.8 percent in fourth-quarter 2015.
  • During the fourth quarter, Verizon Enterprise Solutions entered into new agreements, continued or completed work with a number of clients, including AECOM, ICICI Bank, LBC Tank Terminals Group, Nanyang Technological University and Target Corporation.


http://www.verizon.com/about/news/verizon-grows-its-strong-customer-base-profitably-4q

Wednesday, January 11, 2017

Verizon Enterprise Looks to SevOne for SD-WAN Visibility

Verizon is working with SevOne to deliver added levels of visibility into the performance of its Software-Defined Wide Area Networking (SD WAN) services.

The solution provides an integrated Web interface giving enterprise clients gain an end-to-end view of services spanning the physical and virtual network. Some highlights:

  • Analyze performance of the hybrid WAN to help enhance delivery of applications to users 
  • Correlate disparate metrics into a single-services view spanning the SD WAN, application performance and the supporting infrastructure
  • Automate baseline performance metrics that drive predictive alerts on service performance
  • Unify performance metrics across network, security and applications
  • Provide speed to intelligence at scale across the global enterprise footprint
  • Digital transformation simplifies, yet increases complexity 

“Companies are well into their journeys with next-generation virtualized environments to
accelerate their businesses, yet many don’t have the required level of operational insight,” said Jack Sweeney, CEO, SevOne. “The collaboration between SevOne and Verizon provides organizations with unprecedented business agility that allows them to proactively manage more of their digital infrastructure, visualize and report and troubleshoot quickly.”

“Verizon's SD WAN portfolio is a major milestone in our company's multi-stage journey toward fully virtualizing the network and delivering virtual business services that help increase reliability, agility and efficiency,” said Shawn Hakl, vice president of networking and innovation. “This initiative plays a major part in our overall enterprise digital transformation strategy, in which we are committed to helping clients accelerate innovation and maintain a competitive edge through simplified management and cost control.”

http://www.verizon.com/about/news/verizon-sevone-join-forces-deliver-added-visibility-software-defined-networking-services

Verizon Launches Virtual Network Services


Verizon Enterprise Solutions announced its launch of Virtual Network Services with the aim of transitioning its enterprise customers to a virtual infrastructure model, providing greater agility and on-demand resources. The new services, which are underpinned by Verizon's open SDN and NFV architecture, will be available in the U.S. and internationally.  The virtualized services can be delivered across public, private and wireless networks from...

Monday, January 9, 2017

Yahoo to Change Name to Altaba, CEO Bows Out

Yahoo will change its name to Altaba following the close of its acquisition by Verizon.

Marissa Mayer will step down from the company's Board of Directors upon closing of the deal. David Filo, Eddy Hartenstein, Richard Hill, Jane Shaw and Maynard Webb will also resign from the Board.

No timeline was given for completion of the sale.

https://investor.yahoo.net/secfiling.cfm?filingID=1193125-17-5897&CIK=1011006&soc_src=mail&soc_trk=ma

Yahoo! -- One Billion Accounts Compromised

Yahoo! confirmed that hackers stole data and compromised more than one billion user accounts in August 2013. The exploit was first disclosed by Yahoo! in November and is most likely different from incident disclosed on September 22, 2016.

Separately, Yahoo previously disclosed that its outside forensic experts were investigating the creation of forged cookies that could allow an intruder to access users' accounts without a password. Based on the ongoing investigation, the company believes an unauthorized third party accessed the company's proprietary code to learn how to forge cookies. The outside forensic experts have identified user accounts for which they believe forged cookies were taken or used. Yahoo is notifying the affected account holders, and has invalidated the forged cookies. The company has connected some of this activity to the same state-sponsored actor believed to be responsible for the data theft the company disclosed on September 22, 2016.

https://yahoo.com/security-update

Yahoo Cites State Actor for Massive Security Breach

Yahoo believes a state-sponsored actor breached its network in late 2014 and may have stole names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers from at least 500 million accounts.

Yahoo said its ongoing investigation suggests that stolen information did not include unprotected passwords, payment card data, or bank account information.

http://www.yahoo.com

Verizon Confirms $4.8 Billion Acquisition of Yahoo

Verizon confirmed a deal to acquire Yahoo for $4.8 billion in cash. The deal does not include Yahoo’s cash, its shares in Alibaba Group Holdings, its shares in Yahoo Japan, Yahoo’s convertible notes, certain minority investments, and Yahoo’s non-core patents (called the Excalibur portfolio). Yahoo will remain a registered, publicly traded investment company holding these assets, and will change its name once the deal closes.

Yahoo, which was founded in 1994 and is based in Sunnyvale, California, remains one the most visited news and media website, with over 7 billion views per month, along with leading web services with email, sports, etc..

Yahoo claims 600 million monthly active users. Yahoo's email service has 225 million monthly active users.

Verizon said the acquisition, combined with its AOL property, gives its more than 25 digital content/service brands in areas ranging from sports and entertainment news to online information services.

“Just over a year ago we acquired AOL to enhance our strategy of providing a cross-screen connection for consumers, creators and advertisers. The acquisition of Yahoo will put Verizon in a highly competitive position as a top global mobile media company, and help accelerate our revenue stream in digital advertising.” Lowell McAdam, Verizon Chairman and CEO
http://www.yahoo.com

Tuesday, December 6, 2016

Equinix Seals Deal to Buy 24 Data Center Sites from Verizon for $3.6B

Equinix reached a definitive agreement to acquire a portfolio of 24 data center sites and their operations from Verizon Communications for $3.6 billion in cash.

The acquired portfolio includes approximately 900 customers, with a significant number of enterprise customers new to Equinix's platform, and it adds approximately 2.4 million gross square feet.  It will bring Equinix's total global footprint to 175 data centers in 43 markets and approximately 17 million gross square feet across the Americas, Europe and Asia-Pacific markets.

Some highlights:

  • The transaction includes 29 data center buildings across 24 sites in 15 metro areas, including Atlanta (Atlanta and Norcross), Bogotá, Boston (Billerica), Chicago (Westmont), Culpeper, Dallas (Irving, Richardson-Alma and Richardson-Pkwy), Denver (Englewood), Houston, Los Angeles (Torrance), Miami (Miami and Doral), New York (Carteret, Elmsford and Piscataway), São Paulo, Seattle (Kent), Silicon Valley (Santa Clara and San Jose), and Washington, D.C. (Ashburn, Manassas and Herndon).
  • The addition of the new data center assets will greatly expand Equinix's global platform for enterprises by adding new markets and Fortune 1000 enterprise customers. It expands capacity in existing markets, such as Atlanta, Denver, Miami, New York, São Paulo, Seattle and Silicon Valley, and it provides a platform for the future expansion of the acquired data centers.
  • The NAP (Network Access Point) of the Americas facility in Miami is a key interconnection point and will become a strategic hub and gateway for Equinix customer deployments servicing Latin America. Combined with the Verizon data centers in Bogotá and the NAP do Brasil in São Paulo, it will strategically position Equinix in the growing Latin American market.
  • The NAP of the Capital Region in Culpeper, VA is a highly secure campus focused on government agency customers, strengthening Equinix as a platform of choice for government services and service providers.
  • Approximately 250 Verizon employees, primarily in the operations functions of the acquired data centers, will become Equinix employees.
  • Equinix was advised by Evercore, J.P. Morgan Securities LLC and Davis Polk & Wardwell LLP.

Equinix said benefits of the acquisition include increasing its platform's interconnections in the U.S. and Latin America; opening three new markets in Bogotá, Culpeper and Houston; and accelerating its penetration of the enterprise and strategic market sectors, including government and energy.

"This unique opportunity complements and extends Equinix's strategy to expand our global platform. It enables us to enhance cloud and network density to continue to attract enterprises, while expanding our presence in the Americas. The new assets will bring hundreds of new customers to Platform Equinix while establishing a presence in new markets and expanding our footprint in existing key metros. The deal will also provide significant value for shareholders as the proposed transaction is expected to be immediately accretive to our adjusted funds from operations per share upon close," stated Steve Smith, President and CEO, Equinix.

http://www.equinix.com

Equinix Silicon Valley Expansion - Interview with Karl Strohmeyer



Equinix has just broken ground on its eight data center in the San Francisco Bay area. The new building, Equinix SV10, joins two other data centers on the company's campus in south San Jose.  The first phase is expected to come online in 2017 with capacity for about 800 cabinets. Karl Strohmeyer, President of the Americas for Equinix, says this first phase of expansion represents an investment of about $125 million. Equinix is aiming for 100%...


Equinix to Sell 8 European Data Centers to Digital Realty

Last week, Equinix announced plans to sell eight of its European data centers to Digital Realty Trust for the amount of $874.4 million. These facilities include: TelecityGroup's Bonnington House, Sovereign House, Meridian Gate and Oliver's Yard data centers and Equinix's West Drayton data center in London; TelecityGroup's Science Park and Amstel Business Park I in Amsterdam; and TelecityGroup's Lyonerstrasse data center in Frankfurt.

The sale of these assets was a pre-condition set by the European Commission in November 2015 for Equinix's acquisition of TelecityGroup plc.

Additionally, Equinix has separately negotiated with Digital Realty a binding option for Equinix to acquire Digital Realty's operating business including its real estate and facility in St. Denis, Paris where Equinix has an established presence with its PA2 and PA3 International Business Exchange (IBX) data centers.

http://www.equinix.com
  • On January 15, 2016, Equinix completed the acquisition of TelecityGroup plc in a transaction valued at approximately $3.8 billion (£2.6 billion). The addition of TelecityGroup's 34+ data centers, net of the divestment, more than doubled Equinix's capacity in Europe, fortifying its position as the largest retail colocation provider in the region and in the world.




See also