Verizon Picks Up XO's Fiber Network to Beef Up Backhaul
Verizon Communications today said it has agreed to acquire XO Communications' fiber business for $1.8 billion. The deal, says Verizon, will help it serve its enterprise and wholesale customers, as well as allow Verizon to further densify its cellular network. Verizon expects to realize some financial benefits from the deal, and will also lease some of XO's wireless spectrum with an option to buy it come 2018. Verizon expects to close the acquisition of XO's fiber business during the first half of 2017, pending regulatory review.
Google's Fiber Phone Bridges Home and Mobile Service
Google today announced the Fiber Phone, a home-phone service for its Google Fiber internet customers. The service includes unlimited nationwide calling, caller ID, voicemail, privacy controls, spam filtering, and do-not-disturb tools.
Verizon to Buy Yahoo's Internet Business for $4.8B
Verizon Communications today said that it has agreed to buy Yahoo's core internet and search businesses for $4.83 billion. Yahoo's properties will join AOL under Verizon's ownership, to be managed by Marni Walden, EVP and President of the Product Innovation and New Businesses organization at Verizon.
Verizon Outbids AT&T for Straight Path
Verizon Communications has won a bidding war for Straight Path Communications. AT&T announced plans to acquire Straight path for $1.6 billion last month.
Verizon and Hearst to Acquire Complex for Mobile Content
Verizon Communications and Hearst have agreed to acquire Complex, a media organization founded by Mark Ecko that creates content for young adult audiences. Under the terms of the agreement, Verizon and Hearst will each own 50% of Complex through a joint venture.
Verizon Plans to Use 5G for Residential Broadband In 2018
Verizon Wireless today said it will launch 5G service next year in up to five markets around the country. Rather than provide wireless service, however, the 5G will be offered to residential customers as an alternative to copper or fiber for in-home broadband.