IRREGULATORS to NY STATE: Halt the Verizon Wireless and Corporate Operations Subsidies: Get Back Billions Overcharged by Verizon, Now.

(Excerpt taken directly from Verizon NY 2020 Annual Report, published June 2021.)

“Public comment is invited concerning the availability, affordability, and adoption of residential and commercial broadband internet access services in the State of New York.”

Comments Summarized: PART 1 and PART 2

“Imposing a Title II common carriage regime on broadband providers would be a radical change in course that would only chill, not spur innovation. Title II is a regulatory dinosaur, crafted eighty years ago — and based on 19th-Century laws regulating railroads — to address the one-wire world of rotary telephones.”

“I think that we are very, very satisfied with the portfolio at this point. I can’t say that we are actively trying to divest of anything at this point in time. I would say that from a homes passed perspective as we continue with FiOS, we will continue to pass the 18 million homes. We will have about 6 million to 7 million we won’t pass at this point. It doesn’t mean that we will never pass them. But I think we owe it to our investors at this point to return the investment on where we have put into the ground from a FiOS perspective. Now, having said that, I think that with the wireless, with LTE, I think it brings a lot more opportunity of how we bundle these products to offer the outside of the FiOS footprint and some innovative things that we can do around LTE, along with the wireline products to create some very specialized bundles for these customers. So, at this point we are not looking to divest anymore.”

“And then in other areas that are more rural and more sparsely populated, we have got LTE [Verizon Wireless] built that will handle all of those services, and so we are going to cut the copper off there. We are going to do it over wireless. So, I am going to be really shrinking the amount of copper we have out there, and then I can focus the investment on that to improve the performance of it.”

“So if you think about it if I can get we than say a 1000 meters of a business and I give them a router, a basic router that has a 5G service inside it and I’m up and operating immediately, I mean, think about the difference for the carrier in the cost structure; half of our cost to establish high speed data whether it’s consumer business is inside the four walls of the business. ‘Once you go wireless, you don’t have to run co-ax, you don’t have to do any of those high labor intensive activities and so you light up service overnight. So then you get into how much capacity do you want and you can — the pricing models can change dramatically’.”





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