Leading telecom carrier,
) has extended its multi-year agreement with National Football
League (NFL) for content delivery. The renewed agreement is
expected to extend the partnership between the two entities to
include live afternoon coverage of games aired by
) and Fox on Sunday and as well as off-season games.
Customers subscribing for Verizon's video and broadband offerings
would also be able to access NFL programs on their PCs,
televisions and laptops. Additionally, customers of both
Verizon's FiOS Internet Service and Verizon Online's DSL service
would get access to NFL Network programming including weekly
previews, game highlights and post-season programming and links
to an NFL.com fantasy football game.
We believe Verizon's expansion of the existing partnerships and
winning new ones are supported by its strong foothold in the
wireless business. The company continues to capture
additional market share via robust deployment of the 4G Long Term
Evolution (LTE) network.
This leads to improved operating and capital efficiency. The
company is leading the industry in terms of 4G deployment. As of
Apr 18, 2013, it covered 491 markets and more than 287 million
people (nearly 95% of the total 3G network).
Verizon expects to convert the entire nationwide 3G footprint to
4G by the year-end. We also appreciate the various strategic
initiatives that the company has taken over the last two
The company's new data plan - Share Everything - has almost
30% of its post-paid account base and is expected to generate
high revenues over the long term. The company is also
contemplating the buyout of the remaining 45% stake of Verizon
Wireless, currently controlled by Vodafone Group Plc.
Additionally, Verizon is seeking new ways such as new pricing
actions, FiOS Quantum, copper-to-fiber migration and cost-cutting
measures to drive FiOS revenue growth and maximize profitability.
The new FiOS pricing plans (set-top boxes and planned bundled
changes) would accelerate consumer revenue growth for the next
Verizon also collaborated with Starz - a top-notch global
media and entertainment company - to launch STARZ PLAY and ENCORE
PLAY for its customers. Overall, we believe that these combined
efforts would lead to improved revenues, high operating margins
and greater market share.
CBS CORP (CBS): Free Stock Analysis Report
SPRINT NEXTEL (S): Free Stock Analysis Report
AT&T INC (T): Free Stock Analysis Report
VERIZON COMM (VZ): Free Stock Analysis Report
To read this article on Zacks.com click here.
Verizon that operates with other players like
) currently retains a Zacks Rank #3 (Hold).