Category: Verizon FiOS

After many months of hard work, Verizon has received the New York Public Service Commission’s approval of a franchise agreement to provide its FiOS cable service in all five boroughs of the city.   The approval came yesterday, and follows on … Continue Reading…

A lawsuit which challenges the subscriber numbers for the FiOS video network has been filed, according to today’s Wall Street Journal.

Verizon’s stock has recently hit a 52-week high, which has provided some assurance that investors believe Verizon’s gamble on FiOS … Continue Reading…

There’s something “viral” about Verizon’s new FiOS (pronounced f eye’ oh s) network . . . at least that’s how one well-intentioned Verizon exec put it during yesterday’s marathon analyst call. Verizon spent around 2 ½ hours and issued 52 slides on FiOS – by far the most detailed information to date on the massive Verizon project.

While the Verizon team’s enthusiasm for its project seemed contagious – at least within its own ranks — Wall Street seemed to catch a different bug: During a day when the market was up — and just points below its all-time high — Verizon’s shares fell more than 3%.

Verizon’s capital plans for FiOS probably left financial analysts feeling a little queasy.
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