Verizon About To End Construction of Its Fiber Network

WheezyJoe writes: If you've been holding out hope that FiOS would rescue you from your local cable monopoly, it's probably time to give up. Making good on their statements five years ago, Verizon announced this week it is nearing "the end" of its fiber construction and is reducing wireline capital expenditures while spending more on wireless.

The expense of replacing old copper lines with fiber has allegedly led Verizon to stop building in new regions and to complete wiring up the areas where it had already begun. The fiber network was profitable, but nowhere near as profitable as their wireless network. So, if Verizon hasn't started in your neighborhood by now, they never will, and you'd best ignore all those ads for FiOS.

Comments

Re:Fuck You Verizon

[ScentCone]

I seem to recall our tax money going to these companies to pay for a fiber infrastructure. It's more like the landscaper you hired and paid for mowed the neighbor's lawn but not yours.

Fascinating! So you can point to legislation that levied taxes to pay Verizon to put down fiber in places where they've chosen not to? If those appropriations actually specify deliverable services that they're not providing, that should be super easy for you to point out. Maybe not as easy as making up some "insightful" but completely misleading stuff about how it was taxes that Verizon funded FiOS and that they promised service at specific addresses that they've abandoned. Looking forward to your links.