Verizon Seeks Extension in Alltel Asset Spinoff
Verizon Wireless has formally requested more time from the Federal Communications Commission to divest assets it acquired through its purchase of Alltel. The FCC required the divestitures in order for Verizon to acquire Alltel, a deal that closed earlier this year. Those assets include more than 90 markets covering some 2.2 million customers. The "Request for Extension of Management Period" filed should give Verizon and those interested in acquiring its assets an additional 60 days to close the divestitures. If approved, the new date by which Verizon will need to sell off all the Alltel properties would be July 8. Verizon cited the economic climate and complexity of the divestitures as reasons for its request.
Verizon Seeking Permission from FCC for WiFi Calling
Verizon Wireless has requested a waiver from the FCC so it can eventually offer WiFi calling to its customers. The waiver is needed because TTY services, which carriers are obligated to offer, are not reliable over WiFi.
FCC Gives Verizon Its WiFi Calling Waiver
The FCC today granted Verizon Wireless' request for a waiver that will allow it to offer WiFi calling services. The waiver is needed because TTY services, which carriers are obligated to offer, are not reliable over WiFi.
Verizon Closes Yahoo Acquisition, Launches Oath
Verizon Communications today said it has finalized its purchase of Yahoo. Now that the deal is complete, Verizon is merging its Yahoo and AOL assets into a new media company called Oath.
Verizon Debuts Discounted iPhone Promo
Verizon Wireless said customers can save big on select iPhones with a new offer that kicks off January 29. New and existing customers who add a new line of Verizon Unlimited service will be able to buy the iPhone 8, iPhone 8+, or iPhone X and get a $699 discount off a second iPhone 8, 8+, or X.
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.