What Is Verizon Afraid of? REDACTED XXX Opens Pandora’s Box.

  • On June 30th, 2020, the IRREGULATORS filed comments to block Verizon NY’s Motion and we are now calling for investigations.
  • Schedule 3: OFFICERS & DIRECTORS, (including Compensation)
  • Schedule 8: IMPORTANT CHANGES DURING THE YEAR, which includes residential and business rate increases.
  • Schedule 61: ACCESS LINES IN SERVICE
  • “Backhaul”, as discussed in Part 1 of this analysis, had $1.9 billion in revenues but shows ZERO lines listed.
  • Verizon’s fiber optic FiOS lines and other fiber optic lines show ZERO lines.
  • Verizon’s DSL has ZERO lines.
  • Verizon’s data lines with packages have zero lines.
  • The manipulation of the accounting of access lines has been used to claim that the networks were ‘unprofitable’ and that the entire state territory did not have to be upgraded.
  • It was used to get rate increases, as well as cutting of staff, claiming that there was a drop in access lines.
  • It has been used to save on tax payments as well as using the state utility perks, like rights-of-way.
  • Many cities are attempting to do work-arounds — and have been trying to raise money to upgrade their city with an ‘overbuild’, instead of claiming what is in the ground, beneath their feet.
  • New York City’s Master Internet Plan to have high-speed broadband access to all, never mentions that the City is part of the state utility, or about the Verizon NY annual reports.
  • We argue that it is time to assess whether the wires that were funded via the local phone customers and have been dark should be claimed for the cities to use.
  • Is Verizon NY charging local phone customers for — the executive pay of the 12 executives in the 2017 Annual Report we highlighted in the first chart or the 18 executives in the 2019 Annual Report?
  • Is Verizon NY charging local phone customers for — say lobbyists, lawyers, the corporate jets, the golf tournaments, etc.
  • Were the Corporate Operations expenses to blame for the multiple rate increases or did these expenses create the massive losses which ended up giving Verizon tax benefits?
  • Verizon has been throwing foundation grant money at non-profits, think tanks, astroturf groups, and more recently millions to groups that have been talking about ‘social justice’. We want an accounting of how much of the Corporate Operations expenses are part of this slush fund.
  • Are the financials manipulated and the other lines of business getting a free ride?
  • Moreover, were these term plans increased due to a) claims of line losses, b) Corporate Operations expenses that were improperly charged to the network services, c) who knows what else?

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Bruce Kushnick

Bruce Kushnick

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New Networks Institute,Executive Director, & Founding Member, IRREGULATORS; Telecom analyst for 40 years, and I have been playing the piano for 65 years.