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

Of course!

[laughingcoyote]

Well is this unexpected? They were begging for money and consideration at the time, but they were also lobbying. In effect, they say "Oh it'll be fine, you'll see, watch what we'll give you!" Of course, since the promises weren't written into the law as a mandate, with real consequences if they went unfulfilled, what they gave us, predictably, was as little as they could get away with for as much as they could charge.

Now, in addition to tax revenue and right-of-ways, they want us to give up net neutrality. "Oh, but look what we'll give you!" I imagine they'll do just as well as last time.