Verizon and the Communications Workers of America (CWA) and International Brotherhood of Electrical Workers (IBEW) have come to a tentative agreement on a four-year labor contract, putting an end to a month long strike of the telco's nearly 40,000 wireline workers.
With about 39,000 Verizon workers represented by the CWA and IBEW still on strike across 10 states, the upcoming U.S. jobs report for May could take a downturn.
Verizon recently completed its implementation of Network Function Virtualization OpenStack cloud deployment across five of its U.S. data centers, a move that will serve two purposes: transforming its network architecture and laying the foundation for new enterprise services.
The first quarter saw more of the same mixed results in the U.S. wireless industry as handset upgrade rates reached an all-time low and subscriber growth slowed while profitability and margins topped records set just two quarters ago, UBS said in a research note.
The move toward equipment installment plans (EIPs) could generate a total net outstanding balance of consumer loans of $55 billion across the four major U.S. carriers, Moody's analysts wrote this week. And while carriers who adopted EIPs early "have already addressed the majority of their shortfall," the loans don't incur interest and could actually end up costing operating money.
Viptela, a provider of SDN-WAN technology to large telcos like Verizon and Singtel, has raised $75 million in a Series C round of funding.
T-Mobile reportedly will pay $420 million for 12 MHz of 700 MHz A Block spectrum in Chicago-- far more than the $250 million to $300 million UBS valued it at-- despite the fact that T-Mobile was the only legitimate prospective bidder for those airwaves. But whether that transaction is a harbinger of bidding in the upcoming incentive auction of 600 MHz airwaves is still anyone's guess.
AT&T has submitted a bid for Yahoo and remains active in the auction of Yahoo's core internet business, according to a new report from Bloomberg. AT&T's interest in Yahoo puts the company directly into competition with Verizon, which is also reportedly bidding on Yahoo's business and reportedly remains the frontrunner.
T-Mobile US will power a new service from startup Twilio called Programmable Wireless that essentially gives developers the ability to control the operation of voice, texting and data on Twilio's T-Mobile-powered SIM cards. The SIM cards can be installed on phones or into IoT-style sensors and gadgets.
Dycom reported $664.6 million in contract revenue for its fiscal third quarter, well ahead of Wall Street estimates and the $492.4 million it reported for the year-ago quarter. The company contributed much of that growth to top customers like AT&T, Comcast and Verizon ramping up wireline deployments to meet increasing network capacity demands.