Internet customers
Cablevision Systems Corp. said Thursday it has finished the first phase of its wireless network buildout in New York and remains on track to complete the project in two years.
The diversified cable operator is offering the Wi-Fi service at no charge to its 2.4 million Internet customers at speeds of up to 1.5 Megabits per second, similar to DSL at home.
The company currently doesn't have plans to offer the service to non-subscribers.
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Verizon Communications Inc.'s second-quarter earnings rose 12 percent, the company said Monday, while revenue was slightly shy of expectations and customers disconnected their landlines faster than before.
The nation's second-largest telecommunications company earned $1.88 billion, or 66 cents per share, in the quarter ended June 30, up from $1.68 billion, or 58 cents per share, a year ago.
Verizon said that excluding a merger-related item, it earned 67 cents a share, beating the average estimate of analysts polled by Thomson Financial by 2 cents.