 By Silicon
el 30-May-2008 |
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 We hope Verizon (VZ) boss Ivan Seidenberg doesn't get his business news from French newspaper Le Monde, or he might have had a small stroke this week. In an article about French cable operator Num ricable, Le Monde apparently reported that Verizon was going to halt its $24 billion FiOS fiber-optic project because it was too expensive and too slow to roll out. Dug up today by DSLreports, and translated by Fiberevolution:
Comcast, the biggest cable-operator in the US, remains faithful to this hybrid fiber-cable architecture, while telecoms operator Verizon has just announced that it would stop installing optic fiber to the end-customer. Too slow, too expensive. Recruitment cost of a single subscriber was estimated at 5 000 dollars (3 170 euros) but valued only at 3 400 dollars.
Yikes! Verizon, of course, is still building out its fiber-optic network as planned, and is well on the way to getting approval to sell FiOS TV service in New York City, the biggest U.S. TV market. At the end of Q1, Verizon had 1.2 million FiOS TV subscribers.
See Also:
Watch Out Time Warner, Cablevision: Verizon Takes One Step Closer To Wiring NYC For FiOS
Cable Finally Whacks DSL In Battle For Broadband Subscribers
Verizon's Stealthy Home Makeover Show: Each Episode Comes With FiOS TV!
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