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

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

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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