Verizon will pay $1.375 million to settle a complaint by Maryland customers who say the company misrepresented FiOS costs. The telco also agreed to pay a $250,000 state penalty and $75,000 in costs.
Verizon has yet to jump on the 1 Gbps fiber-to-the premises (FTTP) bandwagon by adding it as a speed option in its FiOS Internet service suite, but it can get there if it sees a demand for that speed.
Verizon has responded to the growing need for higher speed Wi-Fi home networking connections with the debut of its FiOS Quantum Gateway, a device it claims can deliver up to 800 Mbps. Verizon is also promising greater range of up to 325 feet within a home or business, and the ability to support a larger number of devices such as tablet computers, smartphones and video devices. FierceTelecom has a complete look at the new device here.
Verizon has responded to the burgeoning need for higher speed Wi-Fi home networking connections with the debut of its FiOS Quantum gateway, a device it claims can deliver up to 800 Mbps.
Netflix has become such a powerful programming force, MVPDs are now using it to market their wares instead of their own programming bundles. That's the compelling thesis of a Monday BTIG Research blog post from analyst Richard Greenfield, who takes aim at a new Verizon FiOS promotion that puts Netflix at the heart of a triple-play service offering.
Verizon may have continued to add more FiOS Internet and video customers in the third quarter, but those gains were lower than what it reported in the same period a year ago, illustrating that it is continuing to reach the upper limits of penetration in its existing 13-state region.
Verizon reported that third-quarter consumer wireline results rose 4.5 percent to $3.9 billion, with FiOS revenues representing 76 percent of the total wireline revenues.
As its carriage impasse escalated into a selective blackout of Internet content, Viacom on Wednesday announced that it had renewed its affiliate agreement with Verizon FiOS. The agreement to carry 25 Viacom channels also includes multiscreen rights that will enable Verizon to put those networks on its FiOS mobile app starting in 2015.
Verizon has added 10 channels to its FiOS TV mobile app, giving subscribers the ability to stream networks including Fox Sports 1, HBO Latino and Showtime Family Zone on mobile devices.
AT&T and Verizon are both well known as having large-scale networks that can serve the largest multinational corporation customers, but their recent moves to enhance their fiber offerings for businesses show they want to keep a tighter rein on the small to medium business (SMB) market where their brands are still household names.