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Welcome to Faulkner's Telecom Daily. We publish Monday through Friday, updating top stories as events warrant. If you would like to receive Telecom Daily emailed daily to your desktop, please click here: TelDailyEmail.

Wednesday, July 23...

Verizon Wireless Launches New Rewards Program for Subscribers
Verizon Wireless introduced a new rewards program for its post-paid subscribers dubbed Verizon Smart Rewards. The new loyalty program offers customers redeemable points in exchange for performing "everyday activities and interactions with Verizon Wireless." Activities which earn points include signing in to the My Verizon online account management tool, paying a monthly bill, and other account transactions, such as using the Verizon Trade In program or choosing paperless billing. Customers will also receive 10,000 points for signing up to begin with. Once enough points have been accrued, customers can redeem them for savings of up to 40 percent on "merchandise from more than 200 well-known brands, offers on local shopping and dining." Offers may be redeemed directly from the user's mobile device. Verizon Wireless customers can sign up for Verizon Smart Rewards on their My Verizon Home Page.

Level 3 Reveals Planned Leadership Team for After tw telecom Acquisition
Level 3 revealed the staff that will be named as the new leadership team, following its planned acquisition of tw telecom. This group of executives, which will include employees drawn from both Level 3 and tw telecom, consists of Jeff Storey as president and chief executive officer, Anthony Christie as chief marketing officer, Jack Waters as chief technology officer, Harold Teets as chief information officer, and Sunit Patel as executive vice president and chief financial officer. The company's announcement on the matter also revealed its EMEA, APAC, and Latin American regional heads, as well as several other leadership positions. The acquisition of tw telecom is expected to close some time during the fourth quarter of the 2014 fiscal year.

Ericsson Sees Slight Drop in Revenue, Boosted Profits in Q2 2014
Ericsson posted its financial results for the fourth quarter of the 2014 fiscal year. The company's revenue for the period was SEK 54.8 billion, a very slight drop from the SEK 55.3 billion reported a year ago. Despite the modest decline, Ericsson reported a net income of SEK 2.7 billion, compared to Q2 2013's SEK 1.5 billion. The resulting earnings per share were SEK 0.79, up from the year-ago figure of SEK 0.49. The company said that its success during the quarter was thanks in large part to strong sales growth in the "Middle East, China and India, as well as continued capacity business in North America." However, Ericsson warned against relying too heavily on the Middle Eastern contribution continuing, as "political unrest" there and in Africa has begun affecting its sales.

... Michael Gariffo, Faulkner Information Services

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