Of course almost everyone reading this has a cell phone. But, you may have been misled if you believe that the wires don't matter or that wireless services alone are the future.
America is getting a big, fat downgrade, but don't bother to tell the FCC or the media. How, exactly is this the "best technology available"?
In 2009, I came across a rate increase on Verizon New York's regular, residential local phone service which was granted by the NYPSC. It was based on Verizon's claims that they had undertaken a "massive deployment of fiber optics" and had major financial 'losses.'
"Regulatory Capture" is when an industry takes over the regulatory agency that is supposed to be doing oversight of the companies' business practices and is supposed to be protecting the Public Interest.
The NYC Mayor's Office of Tech & Innovation has asked for bold ideas and innovation to "help bring high speed Internet to all New Yorkers", including "more choices among ISPs", and "expanded service to underserved communities", which may require "policy changes".
According to Internet Health Test data, AT&T often sticks customers with speeds that are slower than the FCC's bare-minimum definition for Internet access, and many times more sluggish than what it advertises.
Verizon harmed America's East Coast; not just in one or two states, but from Massachusetts down through Virginia. After reading a number of Verizon's state summaries of how great the company is and how well they have been serving each state, I noticed a pattern.
By July 2014, 100 percent of New York City's residential households should have been able to get FiOS cable service delivered over a fiber optic wire that was supposed to replace the aging copper-based infrastructure.
In 2006, the NY Public Service Commission granted Verizon NY multiple rate increases (84%) on residential phone service for "massive deployment of fiber optics" and "losses."
There is a smell of rain these days -- a gust of damp certitude that is wafting the bird of the Internet our way.
AT&T and Verizon have continuously said that it is 'uneconomical' to upgrade most areas and that the solution is to force customers onto their wireless services. But, it has all been a financial shell game.
Verizon's media department should really read their own CEO's statements before they open their mouths in the press. CEO Lowell McAdam and other senior management have said over and over that the company is "shutting off the copper" to force customers onto Verizon's inferior and expensive wireless services. Yet Verizon is denying that they have such a plan.
100% of phone customers paid for networks most will never get.
The deal -- If the State granted higher profits (read rate increases on phone customers) and gave tax breaks, this extra money would be used to pay for constructing these new networks over the next 20+ years.
Verizon New York's Annual Report for 2014 has just come out and it is a page turner. Let me start with some facts and then answer two questions -- How did Verizon New York lose billions in 2014? Isn't FiOS, Verizon's fiber optic service, profitable?
Verizon NY (VNY) is supposed to have 100% of New York City upgraded, replacing the aging copper-based networks with a fiber optic infrastructure for the delivery of a service called FiOS that offers cable TV, High-speed Internet and Digital Phone services.