Way back in 2005 we profiled the Massachusetts towns of Shutesbury and Leverett, two shining examples of the kinds of U.S. towns that have fallen into broadband connectivity black holes. Large regional providers like Verizon didn’t want to upgrade the markets (Boston still hasn’t been upgraded to FiOS), and could barely be bothered to keep aging copper in the region fully functional.
by Daniel Cooper | @danielwcooper | 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
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.
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.