$130 million in cash and stock shares to exchange hands
The Federal Communications Commission (FCC) has approved Verizon's $130 billion buyout of Vodaphone's share of Verizon Wireless. The ruling paves the way for Verizon's complete ownership of the wireless business when all aspects of the transaction are concluded in the first half of 2014.
Same-day delivery option coming to New York, Dallas, San Francisco
Verizon Wireless is starting to offer customers that order online the option to receive their devices the same day. The delivery scheme, which rolls out in Philadelphia today, will see customers able to place an order through the website by 10am and have the in-stock item delivered to the customer's home by 7pm that day.
Lowell McAdam speaks following Vodafone announcement
Verizon Wireless has reportedly left open the possibility of international expansion, though the company is no longer considering a foray into the Canadian market, according to CEO Lowell McAdam's comments during a Tuesday conference call with analysts. The company's $130 billion commitment to buy Vodafone's 45-percent stake has raised questions regarding potential expansion and other investments.
Agreement announcement expected later today
Vodafone and Verizon Communications have reportedly come to an agreement over the buyout of Vodafone's share of Verizon Wireless, behind closed doors. Verizon Communications will apparently pay $130 billion for the 45-percent stake owned by Vodafone, with approximately $60 billion of the figure being made up of cash and the remainder from stock and other forms of fundraising.
Potential $130B sale of 45-percent stake to Verizon in future
British carrier Vodafone has confirmed that it is in talks to sell its stake in Verizon Wireless to Verizon. The discussions, which have been rumored to have taken place over the last few months along with a possible merger, could lead to Verizon paying around $130 million for Vodafone's share in the carrier, and in turn taking complete ownership of the wireless company.
Improved processing, battery life touted in new Droid range
Motorola has revealed a trio of previously leaked Droid smartphones, heading to Verizon Wireless late next month. The Droid Mini is the smallest phone in the group, offering the option for a smaller size compared to the other two, while the Droid Ultra poses as the thinnest 4G LTE smartphone on the market, and the Droid Maxx is claimed to have an extremely long battery life.
Carrier partners with Brightstar, Moorehead
Verizon Wireless has announced a partnership with Jennifer Lopez, hoping to woo Latino customers under the new retail brand Viva Movil. The brick-and-mortar stores promise to deliver a unique customer experience, with play areas for children and bilingual sales representatives, though the devices and service plans will reflect Verizon's standard offerings.
Cash, shares to be offered for 55-percent share of Verizon Wireless
Verizon is reportedly forming an offer for British carrier Vodafone, in order to buy out its stake in Verizon Wireless. The rumored proposal would see Verizon taking complete control in the jointly-owned carrier, and Vodafone exchanging its 55-percent share in Verizon Wireless for $100 billion, divided evenly between cash and stock.
Proposal would give Verizon complete Wireless control
Verizon and AT&T are said to be working together in order to acquire and then break apart Vodafone, according to a rumor. After purchasing the British carrier, Verizon would in theory take control of Vodafone's 45-percent share of Verizon Wireless, while AT&T would own all assets located outside of the United States, though the rumor already appears to have been dismissed.
Messages system works on multiple devices, tied to Verizon number
Verizon Wireless has updated its messaging application to include integrated messaging over multiple devices. The Verizon Messages service is now cross-platform, with messages able to be sent and received through one phone number via an Internet-connected device, or through a computer using the online account manager.
Verizon may buy out $115B Vodafone stake in Verizon Wireless
Mirroring earlier talks between the carriers, Verizon and Vodafone are reportedly looking for ways to "resolve" their relationship in the jointly-owned carrier Verizon Wireless. It is claimed that the two companies are in discussions to either fully merge the two entities or for Verizon to partly or fully buy out Vodafone's 45-percent stake in Verizon Wireless, before the end of this year.
Shared data plans include unlimited voice minutes and messages
Verizon Wireless has detailed its forthcoming shared plans that were alluded to in recent comments. The Share Everything plan will enable up to 10 Verizon devices to share unlimited voice minutes and SMS/MMS messages, with a single data allowance between all handsets. Provision for mobile hotspot functionality are also included, though tablets are included at an extra charge.
Supported in US by AT&T, Verizon & Cellular South
Twitter has upgraded the direct messaging capabilities for its texting service. Now, in addition to tweets, users whose service providers support MMS can attach and share videos. To send, all a user need do is enter the text of a tweet as normal, attach a photo to the message, and send it to the relevant Twitter code.
Isis to get $100 million infusion from founders
The joint venture between AT&T, T-Mobile USA and Verizon Wireless that is mobile payment company Isis will get a more than $100 million investment from its founders, Bloomberg reported, citing unnamed sources. The private financing will help the company compete with rival firms that offer mobile payments, including Google. How much funding will come Isis' way depends on how successful the company is at bringing banks and merchants onboard, however.
Joins Salt Lake City in early NFC service launch
Mobile commerce services provider Isis has identified Austin, Texas as one of its first target markets. Starting sometime in the first six months of 2012, Austin residents will be able make purchases at participating shops throughout the city by using an Isis-enabled phone with NFC instead of swiping a credit card. The team didn't say which specific stores or services would get the new support.
Verizon short on network outage details
At the Business Innovation Forum in California on Wednesday, Verizon Wireless executive director of LTE didn't provide any direct reasons for the network's outage late in April. When pressed, Brian Higgins told the audience Verizon took steps to ensure the problem won't reoccur, but did not provide any details on why it happened or which of its vendors is to blame, ConnectedPlanet wrote on Wednesday. The company's 3G and LTE networks went out for 24 hours across the US.