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In the US we typically capitalize utility projects over long time periods, e.g. 30 years. When you pay your water bill the loan is added into the base payment b
by sunflowerfly 10y ago
In the US we typically capitalize utility projects over long time periods, e.g. 30 years. When you pay your water bill the loan is added into the base payment before usage. We built electricity to virtually every home in the US, we could build fiber too.
- rayiner 10y agoIt's notable that the phone network was built by a government sanctioned monopoly that was permitted to be quite profitable for most of its existence. Pull AT&T annual reports from the 1950s and 1960s and compare them to the financials of Verizon's wireline division today.