Verizon’s FiOS: “There’s Something Viral About This”
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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