Verizon Sells Off Wireline Operations, Blames Net Neutrality Plans

itwbennett (1594911) writes "Verizon Communications will sell its local wireline operations in California, Florida and Texas for $10.5 billion, citing uncertainty around federal Internet regulation as one reason for the move, although Verizon executives said the sale has been in the works for several years. It's no secret that local wireline phone service has been a shrinking industry, and Verizon and other carriers see mobile as their greatest growth opportunity. Verizon Chairman and CEO Lowell McAdam cited the Federal Communications Commission's upcoming net neutrality proposal as another potential threat to the growth of wired services. 'Washington should be very thoughtful how they go forward here,' he said. 'This uncertainty is not good for investment, and it's not good for jobs here in America.'"

Comments

Good for the "Public" ...

[Frosty Piss]

Verizon Communications will sell its local wireline operations in California, Florida and Texas for $10.5 billion, citing uncertainty around federal Internet regulation as one reason for the move

Fine, if Verizon has a problem with Net Nutrality, perhaps they should not be in the Internet business anyway.

I think their best be is to go the HP route and switch to ink-jet printer ink.

To ensure consistent customer experience

[penguinoid]

Our customers expect to get screwed over, and this legislation would put a stop to that for wired service. To ensure consistent customer experience, we must unceremoniously dump our wireline customers.