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January 29, 2007
Reshaping the footprint of Verizon
From the Wall street Journal article of Verizon.
As I stated in my discussion about att's footprint, I am not sure how valuable the foot print is anymore and I think the sale to fairpoint is a good move by Verizon.
The company's landline business continues to deteriorate, however, falling 7.6% to 45.1 million domestic fixed-access lines. The losses were offset by 409,000 new high-speed Internet connections. The company continues to see broader adoption of its fiber-based product, FiOS. Costs for the fiber upgrade are expected to peak in the first quarter at 11 cents a share.
So focusing on serving the cash cow areas with new core technology is the strategy.
Posted by carl at January 29, 2007 11:11 AM