SlashGear Japan
Verizon definitely has something to be happy about today. The company’s fiber lines are paying off in a big way. And to think, no one thought it was a good idea when they invested?
Verizon took a chance by investing $23 billion in residential FiOS networks. A lot of analysts thought it wasn’t worth it, but subscriber growth rates have proven that idea otherwise. DSL and landline subscribers are shrinking, but FiOS and wireless subscribers are definitely on the wise.
Video subscribers are up to 1.6 million and Verizon and opened 1.2 million homes for sale in the past quarter. FiOS is acting like a serious competitor and they’ve come to an agreement with NYC and Washington DC. This should make for some quick installations and more subscribers. Good for them!
2 Responses to “Verizon FiOS experiment is paying off”
KAZ October 29, 2008
now if only they would offer this in north dakota. (unlikely) Man, would that be nice.
NeutralPete October 29, 2008
Well Duh! How could an unlimited bandwidth communication pipe to the home not be successful? When you consider the efficiencies of having all traffic over fiber like phone, TV, wireless, internet, home security, medical monitoring, movies on demand, shopping, gaming, etc not being controlled by a monopoly but by the city utility we all win. My only regret is Verizon saw the light and not city governments. This should be another city controlled ‘not for profit’ Communication Utility like Power, Water Sewer, Gas and Roads.
NeutralCan you imagine every mile of the interstate highway being controlled by private companies, the flow of goods and people would be much more expensive like with the toll roads in some states already.
We need government (citizens) to build the last mile and let private industry compete at the Head-End. Now we have true competition and the consumer will finally be paying a fair price for products and services vs. the corrupt overprices, over regulated near monopoly system we have today.
But that’s just my opinion.