Key Developments For Verizon Communications Inc.
Verizon Communications Inc. (VZ) (NYSE Arca)
AMF Bowling Centers and Verizon Communications Inc.'s Verizon Business Strike Deal For Integrated Networking Solution
Verizon Communications Inc. announced that its unit Verizon Business stepped in with a comprehensive and integrated IP networking solution that will enable AMF Bowling Centers, based in Richmond, Va., to operate more effectively and efficiently across its more than 300 bowling centers in 38 states while offering customers an enhanced experience at the lanes. Under a new three-and-a-half-year agreement, Verizon Business is providing AMF with a tailored solution that will enable critical applications including: Verizon voice over IP (VoIP); point of sale and credit card transactions; Web site hosting; video streaming; an on-demand hosted solution for downloading customers' musical selections; and, eventually, a video surveillance system for monitoring activity from centralized locations, and a centralized energy-management system for regulating temperature and lighting at each bowling center.
Verizon Communications Inc. To Voluntarily Withdraw Listing on The Chicago Stock Exchange
Verizon Communications Inc. announced that it will voluntarily withdraw its common stock from listing on The Chicago Stock Exchange (CHX) effective December 15, 2009. Verizon securities will continue to be listed on The New York Stock Exchange.
Samsung Convoy Joins Vodafone Group Plc and Verizon Communications Joint Venture Verizon Wireless' Fleet Of Push To Talk Phones
Verizon Wireless, a joint venture of Vodafone Group Plc and Verizon Communications, and Samsung Telecommunications America (Samsung Mobile) announced the availability of the Samsung Convoy, a rugged Push to Talk device with military specifications built to withstand the harshest of elements.
AT&T Inc. Sues Verizon Communications Inc. and Vodafone Group Plc's Joint Venture Verizon Wireless In Ga. Over Map For That Ads-AP
The Associated Press reported that AT&T Inc. sued Verizon Wireless over its competitor's There's a Map for That commercials, saying in a lawsuit filed that the ads are misleading and amount to deceptive trade practices. AT&T Inc. filed the suit in U.S. District Court for the Northern District of Georgia and is asking for a temporary restraining order and a permanent injunction to stop the ads. AT&T Inc. requests an immediate hearing and said it has suffered and continues to suffer irreparable harm as a result of the commercials. Verizon's ads show maps of the United States with areas highlighted to depict where third generation or 3G network coverage which allows users to access data faster is available. The maps use red for Verizon and blue for AT&T Inc. to show where each company offers 3G coverage. Areas where 3G is not available are left blank. one ad, the narrator says, If you want to know why your 3G coverage works so well on Verizon Wireless, there's a map for that, and a map of the country nearly covered with red dots is shown. The narrator later says If you want to know why some people have spotty G3 coverage, there's a map for that, too and a map of the country with some blue areas and a lot of blank space is shown to ostensibly show AT&T Inc.'s 3G coverage. AT&T Inc. says those maps are misleading because there is still regular coverage in areas where 3G service is not offered. Verizon Wireless, a joint venture of Verizon Communications and Vodafone Group Plc.
SACEM Chooses Verizon Communications Inc.'s Verizon Business to Deliver Advanced Communications Capabilities
Verizon Business, a unit of Verizon Communications, announced that SACEM, has chosen a Verizon Business voice-over-IP (VoIP) solution to streamline its voice and data communications. Verizon IP Trunking is providing the association with a quick and easy means of deploying IP telephony across its French operations.
