Verizon Policy Blog

Jan22

Verizon CFO Fran Shammo reiterates the dangers of Title II for jobs and investment.

Earlier today, Verizon announced its Q4 earnings results, and Chief Financial Officer Fran Shammo was asked by an analyst about the impact that Title II regulation would have if applied to broadband service. Fran reiterated the inverse relationship between regulation and investment: Kevin Smithen - Macquarie Research Equities – Analyst:  Just a quick follow-up. Does your guidance change at all under certain Title II outcomes? And what is your current thinking on this, given recent government comments? Fran Shammo - Verizon Communications Inc. - EVP & CFO:  That's a great question, because I personally have been misquoted both in the press and in Congress on what I've said. So this is a good question for me to clear this up. First of all, this … Continue reading

CAPEX, FCC, Fran Shammo, Investment, Open Internet, Regulation, Title II, Wireless

Jan15

Dispelling the Myth of a Terminating Access Monopoly

As the FCC moves forward with its Open Internet proceeding, we (and others) have repeatedly explained why using Title II is unnecessary, illegal (particularly with respect to mobile broadband) and bad for investment in networks, online services and manufacturers. Central to the rationale that Title II advocates persist in using to justify common carrier regulation is the claim that broadband providers supposedly enjoy a “terminating access monopoly” that allows them to restrict consumer choice and disadvantage competitors.  This is simply not true. And today, we filed a declaration by Professor Janusz Ordover, former Deputy Assistant Attorney General for Economics in the Antitrust Division of the U.S. Department of Justice, and Dr. Andres Lerner confirming that there is no “terminating access monopoly” for … Continue reading

FCC, Mobile, Net Neutrality, Open Internet, Regulation, Terminating Access Monopoly, Title II, Wireless

Jan15

Verizon Releases Transparency Report for Second Half 2014

Verizon is pleased to release our Transparency Report for the second half of 2014. During that period, we received almost 140,000 demands for customer information from United States law enforcement, a number that is generally comparable to the almost 150,000 demands we received in the first half of 2014. Although we continue to receive large numbers of demands, the overall percent of our customers affected remains very small.  Protecting our customers’ privacy will always be a bedrock commitment at Verizon. While we have a legal obligation to provide customer information to law enforcement in response to these lawful demands, we take seriously our duty to provide such information only when authorized by law. To that end, we continue to carefully review each demand we receive and, where appropriate, we require … Continue reading

FISA, LEADS Act, Section 215, Transparency, USA Freedom Act

Dec18

Data Roaming Order Undercuts Competitive Wireless Marketplace

Today (December 18, 2014), the FCC’s Wireless Bureau – without a full Commission vote and without going through the appropriate rulemaking proceeding – granted a petition seeking changes to the FCC’s data roaming rules. The following statement should be attributed to Kathleen Grillo, senior vice president, federal regulatory affairs: “The U.S. wireless market is the envy of the world and one of the country’s leading sources of economic growth. It is deeply troubling that the Wireless Bureau has changed a fundamental wireless rule in ways that discourage investment and unfairly advantage one company over others, and has done so without a Commission vote, as required by law.”   View the full statement here. Continue reading

Data Roaming, FCC, Mobile, Wireless

Dec16

Verizon Signs Patent Licensing Deal with Google to Promote Innovation

I’m delighted to announce that today we signed a patent licensing agreement with Google to lower the risk of frivolous patent litigation. The Constitution says that the patent system is supposed to “promote the Progress of Science and useful Arts.” But in high-tech industries like ours, the patent system can be exploited to get in the way of innovation. High-tech products can implicate thousands of patents, and when patent litigation takes years, costs millions of dollars, and comes long after innovators have launched new products, the Johnny-come-lately owner of a single patent can threaten an entire innovative ecosystem. That’s bad for innovation and bad for American consumers. Verizon has long championed patent reforms and industry actions that promote innovation. We’re … Continue reading

Google, Intellectual Property, IP, Patent Reform, Patent Trolls, Patents

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