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The interesting part of this article was that Verizon released subscriber numbers (remember, they don't have cable TV frachises yet in many areas they current offer FiOS broadband), "Verizon also provided figures for its video subscriber base for the first time on Wednesday, saying it has 100,000 customers for the service, along with 500,000 high-speed data subscribers. The FiOS TV service is available at about 1 million homes, and Verizon said it wants to have 175,000 subscribers by the end of the year."
Analysts Welcome Verizon's Plan to Upgrade Telephone Network With Fiber Optic Cable
NEW YORK (AP) -- Analysts were largely optimistic about Verizon Communications Inc.'s announcement that it will cost $22.9 billion to upgrade its telephone network in an ambitious plan that will also save the company $4.9 billion between now and 2010.
"Overall, we believe the company's decision to provide greater detail is a positive and provides investors benchmarks and targets" to measure its success," wrote Bear Stearns analyst Michael McCormack in a note to investors.
Verizon said Wednesday it will replace more than half of its old-fashioned copper network with fiber-optic cable over the next four years so it can support cable TV and high-speed Internet service.
The telecom service provider said on Wednesday it expects the "FiOS" project to generate positive operating income starting in 2009, ahead of some analysts' predictions.
Full Story...
The interesting part of this article was that Verizon released subscriber numbers (remember, they don't have cable TV frachises yet in many areas they current offer FiOS broadband), "Verizon also provided figures for its video subscriber base for the first time on Wednesday, saying it has 100,000 customers for the service, along with 500,000 high-speed data subscribers. The FiOS TV service is available at about 1 million homes, and Verizon said it wants to have 175,000 subscribers by the end of the year."
Analysts Welcome Verizon's Plan to Upgrade Telephone Network With Fiber Optic Cable
NEW YORK (AP) -- Analysts were largely optimistic about Verizon Communications Inc.'s announcement that it will cost $22.9 billion to upgrade its telephone network in an ambitious plan that will also save the company $4.9 billion between now and 2010.
"Overall, we believe the company's decision to provide greater detail is a positive and provides investors benchmarks and targets" to measure its success," wrote Bear Stearns analyst Michael McCormack in a note to investors.
Verizon said Wednesday it will replace more than half of its old-fashioned copper network with fiber-optic cable over the next four years so it can support cable TV and high-speed Internet service.
The telecom service provider said on Wednesday it expects the "FiOS" project to generate positive operating income starting in 2009, ahead of some analysts' predictions.
Full Story...
