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Do you enjoy Verizon press releases? "Miles ran", "houses passed". Industry doublespeak. NYC residents invested those billions via rate hikes the PUC granted to
by c_c_c 10y ago
Do you enjoy Verizon press releases? "Miles ran", "houses passed". Industry doublespeak. NYC residents invested those billions via rate hikes the PUC granted to Verizon!! It was subsidized even though Verizon claims otherwise. And they didn't deliver.
http://www1.nyc.gov/assets/doitt/downloads/pdf/verizon-audit.pdf http://www1.nyc.gov/assets/doitt/downloads/pdf/verizon-audit...
https://www3.dps.ny.gov/pscweb/WebFileRoom.nsf/Web/B849A020314983A3852575D900530827/%24File/pr09054.pdf https://www3.dps.ny.gov/pscweb/WebFileRoom.nsf/Web/B849A0203...
http://www1.nyc.gov/office-of-the-mayor/news/415-15/de-blasio-administration-releases-audit-report-verizon-s-citywide-fios-implementation http://www1.nyc.gov/office-of-the-mayor/news/415-15/de-blasi...
- rayiner 10y agoI trust public company press releases that commit to concrete numbers: there is a cottage industry of plaintiffs' lawyers that bring securities class actions for material misstatements of financial information. NY residents didn't invest anything in fiber. Verizon got rate hikes because it has been losing billions of dollars a year in NY. Nationwide, Verizon's wireline profit margin is in the low single digits--it's utterly ridiculous to say they're receiving a "subsidy" in the form of above-market monopoly prices.
- chimeracoder 10y ago> NY residents didn't invest anything in fiber As I mentioned in my original comment, New York already had fiber networks covering large parts of the city. Verizon was able to access these, which already "ran past" many buildings in the city (including mine), and still never bothered to hook up those buildings as they had already agreed to.