Articles about verizon

Burning money, photo via Shutterstock

Yahoo! cleanup! will! cost! Verizon! half! a! billion! bucks!

Verizon says it will have to write off $500m for severance and integration costs on its acquisition of Yahoo! The telco told the SEC it would mark down the $500m charge in its next quarterly report as it cuts unneeded staff and offices and mixes the rest in with AOL. It is believed as many as 2,000 workers will be getting …
Shaun Nichols, 15 Jun 2017
Photo by Christoph Dernbach

Marissa! Mayer! out! as! Yahoo!-Verizon! closes!

Marissa Mayer has officially resigned from Yahoo!, as Verizon's $4.8bn (£3.77bn) gobble of the company closed today. Damage done to the company's value by successful cyber-attacks in 2016 resulted in $350m being cut off the price. The closure of the transaction means Yahoo! as a legal entity is no more. The merged AOL-Yahoo! …
Kat Hall, 13 Jun 2017

Yahoo! shareholders! sign! off! sale! to! Verizon!, which! sharpens! axe!

Yahoo!'s shareholders have formally approved the sale of the company's operating businesses to Verizon. The company says it “anticipates that the Sale Transaction will close on June 13, 2017.” Once that happens, Yahoo! will change its name to Altaba and re-structure itself as an investment company. Altaba's portfolio will …
A person crying over a breakup

Moneybags Verizon swoops in, swipes Straight Path from AT&T with a $3.1bn pot of gold

Just one month after announcing a $1.7bn acquisition deal with AT&T, 5G spectrum holder Straight Path now says it is instead inking a $3.1bn deal with Verizon. The telco giant announced on Wednesday that it would be paying $184.00 per share in an all-stock acquisition deal. Pending shareholders' and US comms watchdog the FCC's …
Shaun Nichols, 11 May 2017
handshake

What's your worst nightmare? A Comcast, Charter cellphone network? Oh, it's coming

Much-loved US cable giants Comcast and Charter, which both long to run their own cellphone networks, are teaming up to make their wireless nightmare, er, dream a reality. Under the terms of the partnership announced Monday morning, Charter and Comcast will together develop shared hardware and software backbones to support …
Shaun Nichols, 8 May 2017
Skull and Crossbones in the cloud

Big Blue to buy Verizon's cloud

In February 2016 Verizon told The Register it “remains committed to delivering a range of cloud services for enterprise and government customers and is making significant investments in its cloud platform in 2016." And today it announced IBM will acquire its cloud and managed hosting business, for an undisclosed sum. Verizon …
Marissa Mayer

Yahoo!'s Marissa! will! eject! with! $186m!.. $185m!.. $184m!..

When Yahoo! boss Marissa Mayer leaves the merged Verizon-AOL-Yahoo! behemoth, as is expected soon, she'll walk away with stocks and cash today worth $186m. In paperwork submitted to America's financial watchdog on Monday, Yahoo! revealed that its CEO, who presided over its plunge into obscurity, owns 4,492,286 shares of stock …
Shaun Nichols, 25 Apr 2017

For the first time ever, Verizon sheds subs: 300,000 punters walk out

Verizon today turned in financial results of a nightmare first quarter of 2017 that saw the nation's top wireless carrier shed more than 300,000 postpaid subscribers. This marks the first time Verizon has ever recorded a net loss in customer subscriptions at the end of a quarter, an ominous sign for a telco that has made …
Shaun Nichols, 20 Apr 2017
Angry man yelling on phone while reading vintage printer paper report. Photo by SHutterstock

Verizon's bogus bills tanked my credit score, claims sueball slinger

A bloke in the US is suing Verizon alleging that a billing blunder left him with bad credit. Travis Combs, of Virginia, is suing the wireless giant for damages and distress, alleging violations of the Fair Credit Reporting Act. He claims that by misreporting his closed account as "delinquent," Verizon has unfairly driven down …
Shaun Nichols, 12 Apr 2017
Oath: logo

Verizon utters solemn Oath: Yahoo! will remain Yahoo!

Logo Watch After a brief social media flurry, Yahoo! has spiked speculation that it's about to lose its name. The errors started with Business Insider, where “there's going to be a new name after the acquisition” speculation was given wings by a perhaps-badly-timed Tweet from AOL CEO Tim Armstrong launching a brand called "Oath:" to …
Marissa Mayer photo via Shutterstock

Marissa! Mayer! out! as! CEO! of! Yahoo! corpse! post-Verizon! gobble!

Marissa Mayer won't lead the remains of her beleaguered Yahoo! once telco giant Verizon gobbles up its core assets, it was announced Monday. Verizon is in the process of acquiring Yahoo!'s star components, such as Y! Mail and Y! Finance, a move that will leave behind a shell biz called Altaba. Today it was confirmed Mayer will …
Kat Hall, 13 Mar 2017

Public IPv4 drought: Verizon Wireless to stop handing out static addys

Verizon Wireless will soon stop issuing public static IPv4 addresses to its business customers “due to a shortage of available addresses.” Instead, it will dish out persistent prefix IPv6 addresses. If you're a Verizon customer and you need a static public address for an IPv4-only device, you'll have to replace that hardware …
Simon Sharwood, 10 Mar 2017

$350m! shaved! off! sale! price! as! Verizon! swallows! Yahoo!

Yahoo! will be gobbled by Verizon for $4.48bn, $350m cheaper than the initial deal, apparently due to the damage done to the company's value by widely reported successful cyber-attacks. Verizon slashed its acquisition offer in the wake of Yahoo! confessing to cyber-attacks, and the companies will now share the liability for …
Cloud moving at a snail's pace

Comcast lied and now it must STFU: Its cable broadband is not 'the fastest' in the US

Lying Comcast will no longer be able to advertise its cable internet service as the "fastest" following a decision from the US National Advertising Review Board. The ads watchdog issued a "recommendation" that the alternate-fact-spreading cable giant stop telling Americans that its cable and Wi‑Fi internet services offer the …
Shaun Nichols, 9 Feb 2017
Yahoo! billion-record breach notice email

Yahoo! boo! hoo! hoo!: Verizon! hits! brakes! on! $4.8bn! biz! gobble!

Yahoo!'s sale to Verizon has been delayed, following revelations last year of historical data security breaches. News of the deferral of the $4.8bn Verizon deal came as Yahoo! released its Q4 earnings results on Monday. "Yahoo! had previously stated that it expected to close the transaction in Q1," it said. "However, given …
John Leyden, 24 Jan 2017
Verizon corporate building

Verizon waves its IoT credentials, boasts of adopting US-centric one

American telco Verizon reckons it's got a shot at being the next big Internet of Things player and might be eyeing up the NHS, the company's pet evangelist told IoT Tech Expo in London this morning. "We are already deploying Cat M1 LTE," David Vasquez announced. Explaining how Verizon's preferred alternative to Sigfox, LoRa …
Gareth Corfield, 24 Jan 2017

Is! Yahoo! dead?! Why! web! biz! will! rename! to! Altaba! – the! truth!

Marissa Mayer, the CEO of perennial drain-circler Yahoo!, will step down from its board of directors, along with five other members, after Verizon finishes gobbling up most of the internet portal. And once the acquisition is over, the remaining carcass of Yahoo! will change its name to Altaba Inc. In an SEC filing today, …
Iain Thomson, 10 Jan 2017
Verizon workers on the picket line

Verizon is gonna axe its 'unlimited' data hogs

Verizon is kicking heavy downloaders and streamers off their "unlimited" not-actually-unlimited mobile plans. Subscribers who average more than 200GB of data downloaded per month have been told they have until February 16 to either move to a different plan or find a new carrier. It's believed atleast 8,200 customers have been …
Shaun Nichols, 9 Jan 2017

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