Hi all,

FYI. See link.

Take care,

Jay


Verizon Sees FiOS Less Profitable Than Copper

By REUTERS,August 10, 2011

http://www.nytimes.com/reuters/2011/...gewanted=print

NEW YORK (Reuters) - Verizon Communications' new high-speed fiber optic network will never make as much money as its old copper network, an executive said on Wednesday.

The company has spent roughly $23 billion on building FiOS, a high-speed Internet and television service that runs on this new network. But Chief Financial Officer Fran Shammo said that returns from the new service will be limited.

"Let's face it, the FiOS cost structure will never be as profitable as the legacy wireline structure," Shammo said during the Webcast of an analyst meeting on Wednesday.