Verizon To Pump $18 Billion Into Fiber

Author
Aron Schatz
Posted
September 28, 2006
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1809

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I see that Verizon is running new cables on all the poles in Westfield. And today Verizon has said they will be pumping quite a bit of money into fiber. I hope Fios comes soon in Westfield.

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Verizon officials say the revenue growth opportunities for FTTH and the declining network costs make the project worthwhile. The investment in a fiber service will turn profitable after four years, the company contends. So far, Verizon has shown impressive progress in infiltrating the video services business and ramping up its FTTH services, say some analysts.

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