Verizon Knows You're A Sucker: Takes Taxpayer Subsidies For Broadband, Doesn't Deliver, Lobbies To Drop Requirements

Telecoms have a long history of insisting that if you just give them the regulatory regime they want, then they'll deliver the kind of broadband found throughout the rest of the world.
Verizon Knows You're A Sucker: Takes Taxpayer Subsidies For Broadband, Doesn't Deliver, Lobbies To Drop Requirements
Credit: jaredpolin
By Susie Madrak — April 25, 2014

Via Techdirt:

Ten years ago (!?!) we wrote about how Verizon conned Pennsylvania taxpayers out of billions of dollars. Verizon predecessor Bell Atlantic had cut a deal with the state to wire up every home in the state with symmetrical fiber. That didn't happen. And while Verizon's former CEO Ivan Seidenberg did, in fact, make a big bet on fiber with FiOS, Wall Street hated it and kept punishing the company for daring to do something so stupid as investing in the future. This is a quarter-to-quarter world, and spending on capital improvements that would bulk up the entire economy over the long haul is not a...

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