verizon

Verizon Media, a unit of Verizon Communications, said Thursday it would sell its news website HuffPost to BuzzFeed.

Verizon Communications said Monday it will buy prepaid mobile phones provider Tracfone, a unit of Mexican telecoms giant America Movil, in a $6.25 billion cash and stock deal. Tracfone, which serves about 21 million subscribers through more than 90,000 retail locations across the United States, said more than 13 million of its subscribers rely on …

Samsung has inked a $6.6 billion contract to help American communications firm Verizon build its fifth-generation wireless network. The South Korean telecom giant will provide New York-based Verizon with network equipment along with installation and maintenance under the contract signed Friday, Samsung said in a Monday regulatory filing. The pact will run through the end …

Verizon Communications topped Wall Street’s second-quarter financial estimates on strong demand for its phone and internet services by housebound customers. The telecom giant said Friday that coronavirus-induced stay-at-home orders prompted a shift to remote working and learning, helping it add 173,000 postpaid phone customers, well above analysts’ estimate of 61,200. But even as more customers …

A Facebook ad boycott gathered more steam on Thursday, when telecom giant Verizon said it would pull ads in July over criticisms of the social media giant’s failure to monitor hate speech. The “Stop the Hate for Profit” campaign had already convinced Unilever-owned ice cream maker Ben & Jerry’s to join the campaign, as well …

A pop culture digital publisher owned by Hearst and Verizon is the latest company to be blasted as hypocritical after declaring public support for nationwide racial injustice protests. Complex Networks, which runs shopping and food sites, was slammed Friday as “not a safe space” for women or minorities to work by former staffer Tiffany Wines, …

Verizon said it expects profits to shrink this year as the coronavirus crisis squeezes its wireless, pay TV and media divisions. The telecom giant said Friday it lost 68,000 phone subscribers during the first quarter, due mostly to the fact that the wireless provider had to close 70 percent of its stores during the pandemic, …

Verizon customers whose internet goes on the fritz may not be able to get back online until November, some griped Tuesday, as the company enacted a new repair policy in response to the coronavirus crisis. At-home service would now be limited to “critical needs” in order to prevent the spread of the virus, Verizon said …