Verizon buying Frontier

[Juan]

I've seen the progression here from Illinois Bell to GTE to Verizon to Frontier. I remember thinking "what's a Verizon," but I digress. I had Frontier DSL until a local-regional (Mid Century) put fiber into the town, and have now been on that for a half-dozen years. Currently I have broadband availability from cable, phone co., a WISP and fiber.

So if the phone co. (Frontier/Verizon) decides to go FTTH, I would wonder how they would do the infrastructure. Mid Century is all below ground, while Frontier is on poles like the old days. Would they be putting their fiber up there, or might they also look to go underground?

Verizon in the northeast is on poles...don't know about how they did California or Florida

 

[ncted]

Who is this "they" in this case?

The companies involved, at the instruction of the people who stand to benefit the most. That is, the execs and the boards. In the case of the McClatchy merger, there was also an activist investor steering KR to sell.

 

[Juan]

The companies involved, at the instruction of the people who stand to benefit the most. That is, the execs and the boards. In the case of the McClatchy merger, there was also an activist investor steering KR to sell.

It's the share holders who appoint the board

 

[ncted]

It's the share holders who appoint the board

Yes, the share holders vote on board members. The members are nominated, usually by existing board members and sometimes by owners of large numbers of shares. Due to stock compensation for executives, that can include existing officers of the company. However, the money and stock to pay the participants in completing a successful merger comes from the companies involved, which is what my answer meant.

 

[Juan]

Yes, the share holders vote on board members. The members are nominated, usually by existing board members and sometimes by owners of large numbers of shares. Due to stock compensation for executives, that can include existing officers of the company. However, the money and stock to pay the participants in completing a successful merger comes from the companies involved, which is what my answer meant.

No..no and no...a company like Verizon has large shareholders like Black Rock investment group...whoever controls those groups..controls the board..kinda like what the Rockefellers did in the 70s

 

[harshness]

The companies involved, at the instruction of the people who stand to benefit the most. That is, the execs and the boards.

The executives serve the Board and the Board serves the investors. Every publicly traded company operates on that principle.

For Verizon, the largest chunk of shares represents less than 8% of the outstanding shares.

If this isn't a workable model, how would you change it?

As a customer, the obvious change is to another vendor (voting with your wallet).

 

[Foxbat]

In other news, the Black Hats are using this Verizon news to target Frontier customers to “scare” users into clicking a link to “install the 2024 App” before their “FRONTIER email access is removed 0n September 07”. I had to provide Tech Support to talk the Frontier user off the ledge. Another hint? The email was “sent” from an Ubisoft domain.

Frontier needs to up their SPAM filters to make sure emails like this don’t make it to their customers’ Inboxes.

 

[harshness]

Frontier needs to up their SPAM filters to make sure emails like this don’t make it to their customers’ Inboxes.

Frontier uses Yahoo for its e-mail hosting.

I can't say I've ever seen an e-mail from a Frontier address (frontier.net).

 

[ncted]

The executives serve the Board and the Board serves the investors. Every publicly traded company operates on that principle.

For Verizon, the largest chunk of shares represents less than 8% of the outstanding shares.

If this isn't a workable model, how would you change it?

As a customer, the obvious change is to another vendor (voting with your wallet).

Not saying I have the solution. I just think that paying people largely in stock, and incentivizing mergers by attaching large stock bonuses to the completion of the mergers creates short term gains for the people receiving the stock compensation and long term losses for companies by encouraging those in charge to take on huge amounts of debt to get the mergers across the finish line.

 

[Juan]

Not saying I have the solution. I just think that paying people largely in stock, and incentivizing mergers by attaching large stock bonuses to the completion of the mergers creates short term gains for the people receiving the stock compensation and long term losses for companies by encouraging those in charge to take on huge amounts of debt to get the mergers across the finish line.

It's called putting skin in the game...they do what they are told to do by the stockholders...which owned stock on both companies

 

[dtv757]

Probably already mentioned but looks like VZ bought back all their former GTE territory. Hopefully this means continued fiber expansion !

 

[harshness]

Hopefully this means continued fiber expansion !

Don't hold your breath.

Wireless is perhaps more profitable. When was the last time you saw a $40 phone bill?

 

[dtv757]

Years ago my land phone with unlimited long distance, + features and dsl was $60 lol

Can't wait to get fios , sick of paying $120 mo to the competition for horrible service. Had an outage earlier today got a whopping $2 credit smh. So sick of this horific service.

 

[harshness]

So sick of this horific service.

Yet so incredibly unwilling to do anything about it.

 

[John2021]

Frontier is the company that Verizon dumped their wireline business on. The debt from buying so much of Verizon's legacy business, along with some other acquisitions like Scott mentioned, is the reason they had so much debt and had to declare bankruptcy. Much of the blame lies with Frontier not recognizing the investment required to modernize what Verizon and AT&T sold them of course.

Verizon thought everything was going to be wireless in the future, but that has been an expensive mistake on their part. 5G has been a dud revenue-wise, and wireless data is not growing they way they expected. Now they are trying to buy their way out of it by snatching up Frontier at a discount -- a discount only because they have a lot less debt than they would without going through chapter 11.

verizons 5G network sucks id'e use two tin cans and smoke signals before we went back to verizon

 

[John2021]

Years ago my land phone with unlimited long distance, + features and dsl was $60 lol

Can't wait to get fios , sick of paying $120 mo to the competition for horrible service. Had an outage earlier today got a whopping $2 credit smh. So sick of this horific service.

that was moons ago LMAO and i bet we bitched about the rates back then to LOL!!! our DTV bill was under 80.00 a month and we had everything now look at it you need to re finance the house every month to watch tv!!! it's called inflation or just outright greedy bastards!!!

 

[b4pjoe]

that was moons ago LMAO and i bet we bitched about the rates back then to LOL!!! our DTV bill was under 80.00 a month and we had everything now look at it you need to re finance the house every month to watch tv!!! it's called inflation or just outright greedy bastards!!!

In the last 4 years inflation went from over 9% to now under 3%. It is not inflation. It is greed.

 

[telstar_1]

Verizon in the northeast is on poles...don't know about how they did California or Florida

So, OK, we're talking "the phone co," thus I suppose that to a great extent the fiber would run where the copper does now, which means a lot of aerial (as with cable co's). The small independent fiber provider I now use does everything below ground. I suppose negotiating with municipalities for pole routing was no better an option than asking for ground easements, and with all the communities around here eager for fiber, I can only suppose it was a breeze for them.

 

[Juan]

So, OK, we're talking "the phone co," thus I suppose that to a great extent the fiber would run where the copper does now, which means a lot of aerial (as with cable co's). The small independent fiber provider I now use does everything below ground. I suppose negotiating with municipalities for pole routing was no better an option than asking for ground easements, and with all the communities around here eager for fiber, I can only suppose it was a breeze for them.

In the northeast it's too hard to bury fiber...they have to dig up streets..with gas lines and water lines...hanging fiber is much cheaper