Audit the Cooked Books: Get Back the Money to Fix the Digital Divide.
Click to Download the Verizon NY 2020 Annual Report or Read the IRREGULATORS’ Report and Walk-through.
The Verizon NY 2020 Annual Report was published on May 28th, 2021.
Verizon NY is New York State’s primary telecommunications public utility and New York is the only state we know of that requires a full, public annual report. Established in 1896, Verizon NY is a wholly owned subsidiary of Verizon Communications, Inc, a holding company.
This is NY State’s critical infrastructure and it has never been just the copper wires…
Ever hear of Michigan Bell? How about Southwestern Bell or BellSouth? AT&T has 86 separate entities listed for EBB money — including the broadband utilities that it controls in 21 states.
According to this footnote, AT&T is only offering wired home Internet broadband service in their 21 state telecommunications public utilities — the AT&T ‘footprint’.
The Verizon NY 2020 Annual Report just came out (May 28th, 2021) — and here is a list; a glimpse of the 358 investments listed (investments over 5%). This snapshot includes Verizon Maryland — a state that Verizon controls as the incumbent wireline telecommunications public utility. It was supposed to have the original — and still existing — copper wires replaced with a fiber optic line over a decade ago, and it never happened.
NBC 4 Washington’s headline says it all.
This is Part 2. (Click for Part 1.)
AT&T charges $10 a month, $120 a year, for an internet broadband modem that appears to cost AT&T $20-$30 at wholesale rates. That’s a lot of extra profits to take from the Emergency Broadband Benefit, EBB, government subsidy for low income families, don’t you think?
And regardless of the EBB program, if you have used an internet broadband service from AT&T over the last 4 years, this comes to $480. We need to add that AT&T also gets to write off this piece of equipment, an additional benefit to… AT&T. …
We divided this story up into 4 parts — This is Part 1.
The Washington Post headline says it all:
“The government has a program to cut your Internet bill. Verizon is using it to force you onto a new data plan.”
The EBB, Emergency Broadband Benefit, is a government subsidy program giving out $3.2 billion to broadband providers to cover discounts of up to $50 a month for qualified low income ‘households’.
The FCC says this program is for households to get online:
“The Emergency Broadband Benefit is an FCC program to help families and households struggling to afford…
This article is only about examining one basic question, besides the mind-boggling totals:
New Networks Institute (NNI) and the IRREGULATORS estimate that we have all been overcharged over $1.3 trillion dollars over the last 3 decades by what is now a cartel — just a few very large corporate holding companies, dubbed ‘Big Telecom’ — AT&T, Verizon and CenturyLink (Lumen) and Big Cable, ‘Comcast and Charter’, and those that they pay to be their friends. …
According to Governor Cuomo’s press release:
“Governor Andrew M. Cuomo signed legislation establishing the first-in-the-nation requirement for affordable internet for qualifying low-income families,…requires providers operating in New York State to offer $15/month high-speed internet to low-income families across the state. This new affordable internet program will impact seven million New Yorkers and 2.7 million households.”
And, as if on cue, the “telecoms”, sometimes misnamed “ISPs”, took this to court Ars Technica writes:
Internet service providers today sued New York to block a state law that requires ISPs to sell $15-per-month broadband plans to low-income households.
“The lawsuit was filed by…
How did a Former FCC Chairman and Champion of Competition become the New Captured AT&T Independent Chairman?
Is $250 million in compensation for just 4 AT&T executives, for just 3 years, gluttony, especially when you consider that AT&T is socking it to their customers and failed to upgrade the state wired telecommunications utilities under their control?
“AT&T shareholders on Friday voted against a measure to approve executive compensation, according to preliminary voting results from the company’s annual meeting… AT&T did…
Get Back $100+ Billion in Underpayments & Overcharges. No More Government Subsidies.
Over the last three decades, almost all of the state-based telecommunications public utility networks have been left to deteriorate even though America paid over an estimated $500 billion dollars, (in excess profits, tax perks, rate increases, and added fees). Though it varies by state, what is now AT&T, Verizon and CenturyLink (Lumen) got the states to change laws so that this money would used to upgrade the aging copper wireline networks…
Let’s just call it Break Up AT&T et al…. Again.
Big Tech Vs Big Telecom
Over the last few years there has been a call to go after “Big Tech” companies, including Google, Amazon, Facebook and Twitter. The “FTC” (“Federal Trade Commission”, as opposed to the “FCC”, the “Federal Communications Commission”) and Attorney General offices around the US are actively going after Facebook, and there are other cases against Amazon and Google, claiming…
New Networks Institute,Executive Director, & Founding Member, IRREGULATORS; Telecom analyst for 38 years, and I have been playing the piano for 63 years.