Posts tagged Verizon
Shortly after its massive deal for Yahoo!, telecommunications giant Verizon has acquired fleet management firm Fleetmatics for $2.4 billion, it announced on Monday. The purchase is aimed at bolstering Verizon’s push into the Internet of Things (IoT) market.
It comes just one week after the cellular giant’s $4.8 billion purchase—which could rise to over $6 billion when taken altogether—of Yahoo’s core business.
Fleetmatics is one of the largest providers of fleet management tools, which include location, fuel, and speed data on trucks. With this data, the firm says it can improve performance and safety of drivers in the fleet.
Negotiations between the two companies started in May. Verizon received confirmation from its board soon after and a deal was agreed two months later. That is quick for Verizon; the company usually spends a few months deliberating a deal before making a decision.
We don’t know what Verizon intends to do with Fleetmatics once the deal is complete. It could remain independent of the Verizon brand or join the IoT unit, which is growing at a faster rate than Fleetmatics.
Verizon adds to fleet management depth with deal
This is Verizon’s second fleet management acquisition in 2016. The first happened in June, when Verizon acquired Telogis for an undisclosed amount. Telogis provides fleet management solutions to AT&T and its partner General Motors, so the acquisition was seen as a way for Verizon to profit from AT&T’s IoT success.
The carrier’s IoT unit made over $500 million in 2015, but Verizon said in October 2015 that it was not satisfied with the speed of growth. Since then, the strategy has changed to give partners more access to its platform and let them work on implementation of applications.
This is similar to the way IBM or Amazon Web Services works. Instead of providing the entire platform, the ThingSpace cloud product gives developers and enterprise clients tools to build what they want.
The post Verizon buying spree continues with logistics firm Fleetmatics appeared first on ReadWrite.
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Verizon has agreed to acquire Yahoo’s operating business in a $4.8 billion cash deal, sealing the fate of one of the internet’s pioneering giants.
Under the deal Verizon will amalgamate Yahoo’s search, email, video, mobile, digital and advertising assets with it’s AOL entity. Verizon acquired AOL in a $4.4 billion deal last year to enhance its programmatic offerings.
The current deal does not include Yahoo’s shares in the Alibaba Group Holdings, or its shares in Yahoo Japan. These assets, along with other minority investments will continue to be held by Yahoo under a new, yet to be announced name. This will become a registered, publicly traded investment company.
“Yahoo is a company that has changed the world, and will continue to do so through this combination with Verizon and AOL,” said Marissa Mayer, chief executive officer, Yahoo.
In an open letter to Yahoo fans, Mayer said the sale was not only an important step in Yahoo’s plan to free up shareholder value, but a great opportunity for it to build further distribution and accelerate its work in mobile, video, native advertising, and social.
“As one of the largest wireless and cable companies in the world, Verizon opens the door to extensive distribution opportunities. With more than 100 million wireless customers, a shared view of the importance of mobile and video ad tech, a deep content focus through AOL, Verizon brings clear synergies to the table,” she said.
Mayer added that Yahoo’s products and brand would be central to achieving Verizon’s ambitious goal of growing its global audience to 2 billion users and reaching $20 billion in revenue from its mobile-media business by 2020.
“Joining forces with AOL and Verizon will help us achieve tremendous scale on mobile. Imagine the distribution challenges we will solve, the scale we will achieve, the products we will build, and the advertisers we will reach now with Mavens – it’s incredibly compelling,” Mayer said.
Mavens (mobile, video, native and social) has been a core pillar of Yahoo’s revival strategy since it was launched in 2011. In 2015, Yahoo’s Mavens business was worth $1.6 billion of GAAP revenue.
Verizon is the United States’ biggest wireless telecommunications company and its acquisition of Yahoo demonstrates its intentions to push ahead into the mobile and Internet spaces. A Verizon-AOL-Yahoo union could in theory provide a third credible player in the online ad space behind Google and Facebook, as forecast by eMarketer in the graphic below.
Yahoo claims it has a global audience of more than 1 billion monthly active users, including 600 million monthly active mobile users. Its email services globally have approximately 225 million monthly active users. AOL says its mobile advertising network also has a reach of roughly 600 million users. Combine this data with that of Verizon’s more than 100 million wireless subscribers and the company has an even stronger offering to take to advertisers.
From a content point of view, Yahoo’s popular news, finance and sports platforms will be added to AOL’s media assets, which include The Huffington Post and TechCrunch.
Yahoo will continue to operate independently pending regulatory approval of the deal, which is expected to be completed by early 2017. Marni Walden, EVP and president, product innovation and new businesses organization, Verizon, will lead the integration of the AOL-Yahoo business, although Mayer is expected to stay on until the transaction is finalized.
“Our mission at AOL is to build brands people love, and we will continue to invest in and grow them. Yahoo has been a long-time investor in premium content and created some of the most beloved consumer brands in key categories like sports, news and finance,” said Tim Armstrong, chief executive officer, AOL.
“We have enormous respect for what Yahoo has accomplished: this transaction is about unleashing Yahoo’s full potential, building upon our collective synergies, and strengthening and accelerating that growth. Combining Verizon, AOL and Yahoo will create a new powerful competitive rival in mobile media, and an open, scaled alternative offering for advertisers and publishers,” he said.
Yahoo was founded in 1994 by Stanford University students Jerry Yang and David Filo. During the ’90s it diversified from a search directory into a web portal incorporating email, search and real-time media.
*Featured image: Yahoo / Flickr
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Below is what happened in search today, as reported on Search Engine Land and from other places across the web.
The post SearchCap: Verizon buys Yahoo, Google Maps wifi mode, Google AdWords features appeared first on Search Engine Land.
Please visit Search Engine Land for the full article.
I solved a problem today and figured that I’d document it for the rest of the world. Every time someone left me a voicemail on Verizon, I would get a cryptic text from Verizon at 900080006202 that looked like “//VZWVVM:SYNC:ev=NM;id=1;c=1;t=v;s=1XXXXXXXXXX;dt=18/01/2016 13:40-0900;l=13;dev_t=5” or “//VZWVVM:SYNC:ev=MBU;dev_t=5”.
Here’s what happened. It turns out that Verizon has three kinds of voicemail: basic voicemail (free), basic visual voicemail (also free), and premium visual voicemail ($2.99/month). I have a Nexus 5X and I recently switched from an unlimited Verizon data plan to a different plan (long story).
As part of that shift, it looks like Verizon switched me to visual voicemail. I suspect a lot of phones that you get at a Verizon store have some sort of visual voicemail app pre-installed. That app probably intercepts those cryptic texts and uses them to show a voicemail indicator. Ever wondered how the voicemail indicator disappears so fast after you call voicemail? I suspect that’s also because of a Verizon text that is interpreted by your phone.
But a Nexus 5X doesn’t have Verizon’s voicemail app, so it just presents texts from Verizon. To fix this issue, I stopped by a Verizon store and had a rep change me from “basic visual voicemail” to “basic voicemail,” and that fixed the issue. I don’t think you can toggle that setting yourself on Verizon’s website.
Nexus 5X rocks!
By the way, I love my Nexus 5X. It fits well in my hand, the camera is superb, and the fingerprint reader is blazingly fast. Also, the speed and accuracy of voice recognition on the Nexus 5X is amazing.
A final nice feature is that you can insert a Nano SIM card from any of the major carriers in the US. I often switch my Nexus 5X over to Google Fi in various situations; for example, Fi is great if you’re traveling outside the US.
One last tip if you’re still on Verizon: you can get HD Voice for free, but you have to enable it. HD Voice works via Voice over LTE, or VoLTE. HD Voice should have much better audio than a regular cell phone as long as both phones support it. On Verizon’s site, go to My Verizon->My Plan & Services->My Plan->Products & Apps->Manage Products & Apps and then click Free Products. Enable HD Voice on all your compatible lines on the website.
Then you need to enable HD Voice on each of your phones. On recent Android phones, look for Settings->More->Cellular networks->Enhanced 4G LTE Mode. On iPhones, look for Settings->Cellular->Enable LTE and select Voice & Data. More info on HD Voice and Advanced Calling on Verizon is in these FAQs.
What phone are you rocking right now, and how do you like it?
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