4 ms·
Frontier to Buy All Verizon Wired Customers in FL, TX and CA
- IanDrake 12y agoThis happened in CT when frontier bought AT&T's Uverse customers. It was painful. Switch now if you have an alternative.
- rayiner 12y agoVerizon's attempts to divest itself of its FiOS assets is an important counterpoint to the tech media narrative of lucrative wireline monopolies protected by lobbying muscle. Nobody actually in the market thinks that: http://seekingalpha.com/article/2886186-verizon-fools-frontier-again http://seekingalpha.com/article/2886186-verizon-fools-fronti.... The other two companies that bought wireline assets from Verizon ultimately went bankrupt: http://www.informationweek.com/business/verizons-former-hawaii-new-england-operations-struggling-/d/d-id/1074510 http://www.informationweek.com/business/verizons-former-hawa.... It's also interesting to note that at the same time Verizon is selling off wireline assets, it's returning money to shareholders via stock buybacks: http://www.cnbc.com/id/102402418 http://www.cnbc.com/id/102402418. The signal is of course that the return on investing that money into network upgrades wouldn't be worthwhile.
- NextPerception 12y agoAs a current 500mbps/500mbps residential FIOS customer in Plano Texas, you have no idea how much profanity this article has just inspired.