Verizon To Pump $18B Into FiOS

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.

Comments

Actual Dollar Amount $23b

[cdrudge]

According to this article in my local paper, Verizon is planning on spending nearly $23b on FiOS and that's for about 1/2 their network. The $18b figure mentioned in the summary comes from discounting the $5b in projected savings from not having to maintain the aging copper physical plant. The linked to article sort of mentions this, but it's not real clear.

Re:Better late than never?

[kevinl]

You're fortunate that you don't live in a rural area where Verizon is busy trying to sell off their landlines. From today's New York Times: http://www.nytimes.com/2006/09/28/technology/28ver mont.html

bad writeup! FTTH = fiber to the home

[bodrell]

Come on! Define FTTH before you use it twice in a writeup. It's bad enough trying to decipher ridiculous acronyms in the comments, but in the stories themselves? Bah.

Although I may have been successful in my deciphering, I believe FTTH is not a common acronym that most people (even on /.) have heard about. And no, I shouldn't have to chase a wikipedia link to figure it out. At least the submitter didn't use the much worse acronym FTTP, fiber to the premises (which I would have thought a misspelling of FTP).