English: Verizon Building in New York City (Photo credit: Wikipedia)
by Daniel Cooper | | June 19th 2015 At 11:00am
Way back when, Verizon pledged to build fiber optic services to every home in NYC, but for some reason, it never got around to finishing it. Unfortunately, New Yorkers are used to getting what they want, and so Mayor Bill de Blasio has slammed the company saying that it needs to sort out the problem, or else. The city has delivered Big Red a very public ultimatum: Either it brings its FiOS network to “every household” in the five boroughs, or it’ll face some heavy penalties.
The saga began back in 2008, when the city agreed that Verizon could operate a local cable TV franchise in exchange for a fiber optic network. The deal was that every person in NYC that wanted super-fast broadband would be able to get it by June 30th, 2014. Naturally, the overwhelming number of consumer complaints prompted the mayor’s office to conduct a full investigation into what the hell was happening. Continue reading
The mayor realizes how important broadband is to the city’s future, but her approach to enter into becoming a service provider is off mark. The government should enter into a business enterprise ONLY when it is not feasible for a private company. Syracuse already has two retail communications provider and others that serve businesses. It is correct that communications companies are challenged to build last-mile infrastructure so maybe they should consider constructing infrastructure and lease access to different communications providers.
Syracuse (WSYR-TV) – Mayor Stephanie Miner is in the early stages of researching installing broadband internet fiber in the City of Syracuse.
The mayor says high speed internet should be a public service, almost as important as trash pick-up and water.
Miner said high-speed internet is “the modern day equivalent of infrastructure.”
She adds, “It’s clear that broadband is going to be a foundation of our new economy.”
Verizon’s first quarter results demonstrate that fiber-based broadband is a winner even for large telecommunications companies. It supplants their loss of POTS customers with higher revenue generating services.
FiOS installed in Montclair, New Jersey (Photo credit: Wikipedia)
By Grant Gross, IDG News Service | IT Management
April 24, 2014, 9:01 AM — Driven by growth in mobile and Fios broadband customers, Verizon Communications on Thursday reported first quarter 2014 revenue of $30.8 billion, up from $29.4 billion a year earlier.
Verizon reported net income of nearly $6 billion for the quarter, up from $4.9 billion a year earlier. Net income attributable to Verizon, not including income for its former mobile partner Vodafone, was $3.9 billion compared to $1.9 billion in the same period last year. Verizon purchased Vodafone’s 45% stake in Verizon Wireless in a deal that closed during this past quarter.
East Ventral Vermont Community Fiber Network moving forward…
06:24PM Thursday Jul 29 2010 by Karl Bode
Vermont already wasn’t exactly a great state for broadband, given the largely rural state is a ROI nightmare for large ISP bean counters. Their broadband fortunes were recently made substantially worse by Fairpoint Communications, who acquired Verizon‘s unwanted New England DSL network, then subsequently imploded under the not so watchful eye of Vermont regulators. Vermont’s been tired of waiting for uninterested ISPs to wire them so they’re working hard at wiring themselves.