[IP] Verizon's FIOS? Yawn. We're Nowhere.
Begin forwarded message:
From: Bruce Kushnick <bruce@xxxxxxxxxxxxxxx>
Date: September 27, 2006 9:39:35 PM EDT
To: "'David Farber'" <dave@xxxxxxxxxx>
Subject: Verizon's FIOS? Yawn. We're Nowhere.
Teletruth News Analysis, Sept. 27th, 2006
From Verizon’s FiOS announcement: We're Nowhere.
http://investor.verizon.com/news/view.aspx?NewsID=773
“By the end of the third quarter 2006, Verizon expects to have more than
500,000 FiOS Internet customers...”
“By the end of the third quarter 2006, Verizon expects to have more than
100,000 FiOS TV customers...”
Just to keep the hype in place, Verizon has ½ million internet/broadband
FiOS customers and only 100,000 cable customers. This was the number of
customers that should have been wired and using the promised fiber optic
services in by 1994 -- and that was 45mbps in both directions, 500
channels
and open to all competition.
By 2000, Verizon (Bell Atlantic, NYNEX ands GTE) (from annual report
data)
* Bell Atlantic alone was supposed to have 8.75 million homes,
* NYNEX was to have 1.5-2 million homes by 1996
* GTE promised 7 million homes by 2000.
Here’s a compilation of quotes:
http://www.newnetworks.com/bellbroadbandfailures.html
Or read more about our analysis of FiOS.
http://www.newnetworks.com/fioslightspeed.htm
Our take: Right now we applaud Verizon for trying to fix the problems
of the
past, since AT&T and Verizon are the ones responsible for America
being 16th
in broadband. But, much of this is still hype, especially AT&T. If
history
is our guide, these companies are ‘gaming’ the system with announcements
that they will never fulfill to get regulations and mergers through.
Teletruth tracked the statements made and the consequences – the Bell
mergers and filed a complaint with FCC and DOJ,
http://www.newnetworks.com/FTCcomplaintSBCVerizon.htm
* New Neutrality? Customers funded "open" "ubiquitous", networks, not
closed networks.
* Video Franchise? Billions per state have already been collected and
that money should be refunded or the networks open.
Customer Overcharging? From the Verizon announcement, phone customers
are
illegally being charged for the deployment and creation of an
'interstate'
information product and cable service.
?the company (Verizon) said it expects to invest $18.0 billion in net
capital from 2004 through 2010 in deploying the nation’s largest network
that brings the broadband capacity of fiber optics all the way to
customers’
homes and businesses. This total is net of approximately $4.9
billion that
Verizon estimates would otherwise be required to maintain traditional
copper-wire technologies over the same period."
No wonder the price of local service in New York City has risen 426%.
Customers are being overbilled.
http://www.newnetworks.com/NYClocal%20charges19802006.htm
Bruce Kushnick
Author: $200 Billion Broadband Scandal
http://www.newnetworks.com/broadbandscandals.htm
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