LITTLE ROCK, Ark. (AP) - Verizon Wireless' CEO says the company is focusing on offering video and other services through fiber optic lines in cities and planning to use 4G technology to deliver faster wireless Internet service to more people.
Ivan Seidenberg told shareholders Thursday that the company will become smaller after it completes the sale of its wireline business in 14 states to Frontier Communications Corp. But Seidenberg says the company will be stronger.
Shareholders gathered in Little Rock, former home to Alltel Corp., which Verizon bought in a $28.1 billion deal in 2008.
Members of the Communications Workers of America gathered outside the meeting venue to protest the sale to Frontier.