verizon communications inc (VZ) Key Developments
Verizon Successfully Completes a Test of a New Technology, Fiber-to-the-Premises Network
Aug 11 15
Verizon has successfully completed a test of a new technology, fiber-to-the-premises network, that in the future could easily provide businesses and consumers with upload and download Internet speeds of up to 10 gigabits per second (Gbps), and the potential to increase this speed even further. Upgrades on the FTTP network will begin when commercial equipment is available to support business services such as switched Ethernet services. The technology upgrade can also be used to support multi-gigabit-speed Internet access services for FiOS customers as the marketplace demands such services and as the technology matures. The technology will have the system capacity to grow to 40-80 Gbps as the market demands. This is possible by simply adding new colors of light onto the existing fiber, each augmenting the capacity by up to 10 Gbps. Field testing of the new technology, known in the industry as next-generation passive optical network, or NG-PON2, was completed recently from Verizon's central office in Framingham, Mass., to a FiOS customer's home 3 miles away as well as to a nearby business location. This followed extensive testing in Verizon's laboratories in Waltham, Mass. The trial consisted of a new optical line terminal (OLT) installed in the Verizon central office, generating four wavelengths, or colors of light, each capable of operating at 10G/2.5G. Later versions are envisioned to support the same download and upload speeds of 10G/10G per color. One test transmitted the NG-PON2 signals over a fiber serving live GPON customers proving that the network can simultaneously deliver GPON and NG-PON2 on the same fiber. The field trial also validated an important service reliability feature of NG-PON2. In this test, a fault in the central office equipment was simulated and the customer's ONT autonomously tuned to another wavelength, restoring its own 10G service in seconds. This new feature of NG-PON2 has critical implications for improved customer reliability and performance.
Verizon Communications Inc. Presents at Nomura's 2015 Media & Telecom Conference, Aug-13-2015
Aug 7 15
Verizon Communications Inc. Presents at Nomura's 2015 Media & Telecom Conference, Aug-13-2015 . Venue: Nomura's New York Office, 309 West 49th Street, New York, NY 10019, United States. Speakers: Jennifer Still, Executive Director, Investor Relations, Michael T. Stefanski, Senior Vice President of Investor Relations.
Verizon Communications Inc. Presents at Oppenheimer 18th Annual Technology, Internet & Communications Conference 2015, Aug-11-2015 09:05 AM
Aug 4 15
Verizon Communications Inc. Presents at Oppenheimer 18th Annual Technology, Internet & Communications Conference 2015, Aug-11-2015 09:05 AM. Venue: Four Seasons Hotel, 200 Boylston Street, Boston, MA 02116, United States. Speakers: David Small, EVP & COO.
Verizon Workers to Stay on Job Without Contract
Aug 3 15
Verizon and unions representing workers in nine states said employees will work without a contract as more negotiations are scheduled. The wireless carrier and leaders of the Communications Workers of America and the International Brotherhood of Electrical Workers announced the decision, shortly after a contract covering 39,000 workers expired. The unions said they are prepared to schedule regular bargaining sessions, but that they will leave the sites of their round-the-clock negotiations in Philadelphia and Rye, New York. The unions say the company is demanding that workers sharply increase their health care contributions and make concession on pensions. They contend Verizon is demanding cuts in jobs and job security and wants to either eliminate the company's 401k benefit match or freeze its defined benefit pension. In addition, workers might be asked to pay thousands more dollars in health care costs due to higher deductibles, co-pays and co-insurance costs. Verizon presented the unions with a counter-proposal that included changes to the company's previous proposals on healthcare benefits, retirement benefits and other subjects. Verizon has said a strike would have a "minimal effect on customers because it has trained thousands of nonunion employees and can also reroute calls to call centers not affected by the strike, and resolve some problems remotely.
Talks Continue as Verizon Strike Deadline Nears
Aug 2 15
The threat of a strike starting August 2 by nearly 40,000 Verizon workers in nine states, including Pennsylvania, New Jersey, and Delaware, remained acute August 1 as a settlement remained elusive between the telecom giant and two of its unions. The Communications Workers of America and the International Brotherhood of Electrical Workers exchanged new proposals with the company, but with no immediate resolution in sight. Their contracts were to expire at midnight.