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Verizon To Pump $18B Into FiOS

Posted by ryuzaki0 on from the and-where's-my-rocket-car? dept.

larytet writes, "LightReading reports that Verizon will invest $18B into FTTH. The company says its fiber-based service will become profitable after four years, and expects by then to have 7 million customers using FiOS for Internet access." For perspective, have a look at Bruce Kushnick's book $200 Billion Broadband Scandal. His site has a page detailing phone company promises of fiber since 1993. We have been paying for these undelivered promises for years. By now we should have 86 million homes wired with FTTH at 100 Mbits/sec.

2 of 215 comments (clear)

  1. Have no fear! by rlp · · Score: 4, Funny

    Congress is actively dealing with this right now! You won't get fiber to your house, but you will get a larger series of tubes. And your representative will mail you your very own Internet.

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    [Insert pithy quote here]
  2. I couldn't hold a chuckle... by Zaatxe · · Score: 3, Funny

    "...and expects by then to have 7 million customers using FiOS for Internet access."

    "Fios" is portuguese for "wires"... That name wouldn't inspire many people here in Brazil!

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    So say we all