Verizon’s total consolidated operating revenue for the third quarter of 2022 was $34.2 billion, up 4% from the previous year’s similar quarter. The total wireless service revenue recorded a YoY growth of 10%, primarily driven by the company's ownership of TracFone, continued effectiveness in its premium Unlimited strategy and ongoing strength in Business volumes. Yet, there has been a YoY decrease of 23.3% amounted to the company’s net income of $5 billion.

Read more: Verizon to Build on the Momentum of Q3 2022 Results

Verizon announced a new Enterprise Infrastructure Solutions (EIS) contract to modernize the global communications infrastructure and provide IT services for each of the Department of State’s (DOS) U.S. embassies, consulars, and other key locations around the globe.

Read more: Verizon Lands $1.58B Order to Modernize U.S. Embassies

T-Mobile has agreed to sell its Wireline Business to Cogent Communications (NASDAQ: CCOI), a facilities-based network provider, for a purchase price of only $1.00. At the same time, T-Mobile has agreed to utilize IP transit services delivered by the Wireline Business for 4.5 years following closing, meaning that T-Mobile is effectively paying Cogent $700 million to offload this “legacy” unit.

Read more: T-Mobile Sells Sprint Wireline Business for One Dollar

SpaceX Chief Engineer Elon Musk announced Coverage Above and Beyond: a breakthrough new plan to bring cell phone connectivity everywhere. Leveraging Starlink, SpaceX’s constellation of satellites in low Earth orbit, and T-Mobile’s industry-leading wireless network, the Un-carrier plans to provide near complete coverage in most places in the U.S. – even in many of the most remote locations previously unreachable by traditional cell signals.

Read more: T‑Mobile Takes Coverage Above and Beyond with SpaceX

Verizon is upgrading to new equipment that is capable of utilizing the latest 400 Gbps per port optical technology. When the overhaul of the fiber core network — the superhighway Verizon uses to move customers’ data — is complete, Verizon will be able to manage 115 Tbps of data. This upgrade will significantly increase the bandwidth needed to support wireless, home internet, enterprise, small business and FIOS customers.

Read more: Verizon Supercharges Fiber Core Network

Bell Canada announced that it is set to deliver the fastest Internet speeds in North America of any major provider. As announced previously this year, Bell is already the fastest of any major provider in the country with 3Gbps and is now introducing even faster symmetrical speeds of up to 8Gbps, the fastest of any speeds offered today by any major provider. With these speeds, and in select areas of Toronto, Bell pure fiber Internet will have download speeds five times faster than cable technology and upload speeds 250 times faster than cable technology. Bell also will bring Wi-Fi 6E in the home, the fastest Wi-Fi technology available, and when coupled with North America's fastest Internet speeds, is set to transform the at-home experience.

Read more: Bell Canada Increases Internet Speeds

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