IRREGULATORS & NNI File to Halt the Proposed Verizon NY Settlement & Call for a Continuation of the Investigation.

  • Part 1: Verizon has left the state copper-based utility networks to deteriorate and there has been a lack of upgrades to broadband or even maintenance of the existing networks.
  • Part II: There has been massive financial shell game between the state utility, Verizon NY and the other Verizon subsidiaries, especially Verizon Wireless.
  • Verizon NY Didn’t Pay Most Taxes: Since 2010–2016, Verizon NY lost $15.7 billion and didn’t pay most taxes; instead Verizon had tax benefits of $7.2 billion.
  • The Utility Illegally Funded the Wireless Networks. From 2010 to 2012, alone, Verizon NY paid about $2.8 billion to build out the fiber optic wires used by Verizon Wireless — and that money was charged to local phone customers.
  • Local phone customers paid over $1000.00 extra, per line, in rate increases since 2005. Worse, local phone customers have been paying around $500 extra a year; the actual costs to offer the copper-based services should have been in steep decline, and prices should have followed.
  • Low income families, seniors, small businesses — rural areas — all paid thousands of dollars extra.
  • There is no cable competition and the Verizon cut a deal with the cable companies to bundle wireless and/or let them rent the wireless networks.
  • We request an extension of the current comment period until July 15th, 2018 to examine the Verizon NY 2017 Financial Annual Report, published May 31, 2018.
  • We are calling for a halt to the proposed settlement between Verizon, NY, the NYPSC and parties, which has eliminated all mention of the investigation of the financial cross-subsidies between Verizon NY and Verizon’s subsidiaries
  • We are calling for the NYPSC to continue to investigate the billions of dollars in cross-subsidies between Verizon NY and Verizon Wireless and the other Verizon subsidiaries — then fix this ongoing financial shell game.

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bruce kushnick

bruce kushnick

New Networks Institute,Executive Director, & Founding Member, IRREGULATORS; Telecom analyst for 38 years, and I have been playing the piano for 63 years.