Verizon allows companies to cover data costs for consumer access

Media | 01/19/2016 7:44 pm EST

Verizon Communication Inc. announced Tuesday it is introducing a new sponsored data service, called FreeBee Data, to help businesses drive better consumer engagement without cutting into customers' mobile data allotments.  The U.S. carrier said in a press release that the service has two models. One is called FreeBee Data 360 and will allow content providers provide consumers with certain elements of mobile content — whether as apps or access to a website — and is based on a per gigabyte pricing model, and the data used is paid for by the company providing the content....

Verizon completes purchase of AOL

Media | 06/23/2015 6:31 pm EDT

Verizon Communications Inc. announced Tuesday that it has completed its acquisition of AOL Inc. The press release stated that “AOL is now a wholly owned subsidiary of Verizon." Verizon had announced in May that AOL would be bought for about $4.4 billion US. Verizon also will be launching a mobile video service this summer, according to an article from Multichannel News. The service will launch in the United States before expanding to other countries, the article said....