Verizon CEO Lowell McAdam recently took the stage during a UBS conference in New York where he explained that Verizon once considered purchasing Hulu. McAdam did not comment on another rumor, which suggests that Verizon is working on building its own video streaming service that could compete with the likes of Netflix and Amazon. Reuters first reported on the rumor and said the service could be deployed next year in areas where Verizon doesn’t offer its FiOS broadband and TV products. It is unclear wh...

Speaking during a recent UBS conference in New York City, Verizon Communications CEO Lowell McAdam said that Verizon Wireless may rollout shared data plans next year. Currently, a family of five must have a different data plan for each member of the household; however, the new plans could potentially allow all five family members to share a pool of data, much like a family would share voice minutes. The same benefits could apply to a single customer who has separate data plans for a tablet, a smartphone and a...

45,000 Verizon employees, or about 25% of the company’s workforce, continued their strike on Monday after the company failed to reach an agreement with labor unions, Bloomberg reported. It is the first strike in 11 years at Verizon and it could end up affecting customers waiting for new phone and web installations or phone support, though Verizon has 40,000 other employees on hand. The Communications Workers of America and the International Brotherhood of Electrical Workers don’t want to pay month...

Newly appointed Verizon Communications CEO Lowell McAdam is already making waves. While fielding questions on Verizon’s earnings call on Friday, McAdam let slip some interesting notes regarding Apple’s fifth-generation iPhone. The executive was asked by an analyst if he thought Verizon Wireless would meet earlier estimates projecting that smartphones would be in the hands of 50% of postpaid subscribers this year. “We like the gross add mix that we see coming in here. We are in the roughly 60...

Speaking during a recent Fortune Brainstorm Tech conference, Verizon’s Chief Operating Officer Lowell McAdam said he expects AT&T’s proposed $39 billion acquisition of T-Mobile USA to be approved by government regulators. “I’d say the merger will probably go through,” McAdam said. “It’s a merger AT&T probably had to do.” While other carriers such as Sprint have been vocal in their opposition of the deal, Verizon has remained relatively quiet. According t...

Verizon CEO Lowell McAdam on Tuesday confirmed to The Wall Street Journal that Verizon Wireless will offer a $30 unlimited data plan for the iPhone 4. McAdam said that offering the iPhone with a capped data plan would create an unnecessary barrier for customers looking to switch from AT&T. “I’m not going to shoot myself in the foot,” he told the Journal. The move also gives Verizon Wireless an advantage among customers looking to make their first iPhone purchase. While existing iPhone users on AT&am...

Speaking to a crowd of investors at a Barclay’s conference this week, Verizon Wireless CEO Lowell McAdam said that the introduction of its LTE network later this year will see the company introduce tiered data plans. According to McAdam, one of the reasons Big Red has opted to go this route with its next-generation network is because “people will have four or five or perhaps even more devices they will connect to the network.” Before anyone starts to wig out, McAdam made it clear that the tiere...

Speaking at a recent Barclays Capital conference in NYC, Verizon Wireless president and CEO Lowell McAdam discussed Verizon’s upcoming handset portfolio, again. Without revealing any release dates and sticking to his “six month” time frame, McAdam said:You will see devices like the Palm Pre and the Cousin on our network from Palm. You will see a second-generation Storm. You will see a new device we call the Tour from BlackBerry as well. That is an upscale of any other QWERTY-based devices th...