InfoAnda - Verizon sees FiOS less profitable than copper |

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Endesa, Nissan in deal for electric auto recharge points | 23 September 2010
US-ENTERTAINMENT Summary | 1 July 2009
US says Chinese firms ignoring Iran sanctions | 18 October 2010

Ex-UN weapons inspector condemns Blair, Bush on Iraq | 5 December 2009

Forum Views () Forum Replies ()

Read more with google mobile : Verizon sees FiOS less profitable than copper |

Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Technology Media Small Business Green Business Legal Deals Earnings Summits Business Video Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB World World Home U.S. Brazil China Euro Zone Japan Mexico Russia Afghan Journal Africa Journal India Insight Global News Journal Pakistan: Now or Never? World Video Politics Politics Home Front Row Washington Politics Video Technology Technology Home MediaFile Science Tech Video Opinion Opinion Home Chrystia Freeland Felix Salmon Breakingviews George Chen Bernd Debusmann Gregg Easterbrook James Pethokoukis James Saft John Wasik Christopher Whalen Ian Bremmer Mohamed El-Erian Lawrence Summers The Great Debate Unstructured Finance Newsmaker MuniLand Money Money Home Analyst Research Global Investing MuniLand Reuters Money Alerts Watchlist Portfolio Stock Screener Fund Screener Personal Finance Video Life & Culture Health Sports Arts Faithworld Business Traveler Left Field Entertainment Oddly Enough Lifestyle Video Pictures Pictures Home Reuters Photographers Full Focus Video Article Comments (0) Editor's Choice UK MP calls for BlackBerry Messenger outtage Health spending knottier than Medicare shows Rice from town near Tokyo is radiation-free Junk food still stars in TV ads seen by kids Apple copycat "hiPhone 5" comes calling in China Sleep apnea linked to memory decline, dementia Special Report: Bad weather good for forecasters Breakingviews: Apple as the first $1 trillion co? Video: Saliva can tell scientists how old you are Slideshow: Animals around the world Follow Reuters Facebook Twitter RSS YouTube Read What happened on night of deadly Afghanistan helicopter crash? | 3:12pm EDT Most Americans say U.S. on wrong track: poll 4:21pm EDT Kansas returns health insurance exchange grant 09 Aug 2011 Father too late to save dying son in UK riots 12:05pm EDT Analysis: Riots shake faith in UK austerity, stability 1:12pm EDT Discussed 186 U.S. loses AAA credit rating from S&P 153 Obama says he inherited economic problems 106 Stock index futures tumble on S&P downgrade Watched UK riot thugs steal from injured boy Tue, Aug 9 2011 UK riots spread from London 12:29am EDT Sony distribution centre up in flames Tue, Aug 9 2011 Verizon sees FiOS less profitable than copper Tweet Share this Email Print Related News Dish Network misses Street and loses subscribers Tue, Aug 9 2011 Verizon strike tensions heighten on Day 2 Mon, Aug 8 2011 Verizon unions strike after contract talks fail Sun, Aug 7 2011 MetroPCS posts weak subscriber numbers, shares plunge Tue, Aug 2 2011 Broadband closer to advertised speeds: study Tue, Aug 2 2011 Analysis & Opinion Uncertainty and indecision threaten Bank America and global markets Chinese reverse-merger firms delisted in U.S. may go private, lawyers say Related Topics Technology » Media » NEW YORK | Wed Aug 10, 2011 4:33pm EDT 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. Shammo cited fierce competition in the TV market as well as high-fees for digital content as reasons why FiOS will not be as profitable as its legacy service. Last summer, the company shut off its copper-based service for about 300 customers in Texas and replaced it with FiOS, a company spokesman said. Shammo said the company will continue to cut off its copper-based service in smaller markets that have high rates of FiOS subscribers. Verizon is looking into doing this in Wesley Chapel, Florida, a rural town outside Tampa Bay, a spokesman said. Shammo said the dynamics of the TV market means its wireline business needs a "fundamental cost change." The company's attempts to lower costs have crystallized as a strike by almost half of its wireline workforce. On Sunday, 45,000 workers from the U.S. Northeast went on strike, saying that Verizon's proposed contract asked for too many concessions in healthcare contributions, pensions, sick days and other work rules. Shammo said the cable market that Verizon is now competing in doesn't give its employees similar benefits, putting Verizon at a disadvantage. MOVING FORWARD WITH PREPAID Shammo also said that Verizon might be moving its trial of a prepaid unlimited data plan for $50 per month from its two trial markets. "The trial has gone very, very well for us," he said. "You may see us take that in a few other markets." Shammo said the prepaid plan had not taken service from its customers under contract. The company did not want its prepaid plans competing with its "crown jewel" contract plans, Shammo said. Michael Nelson, an analyst at Mizuho Securities, said the prepaid plan, which typically sells to a lower-income market, should not impact Verizon's contract business. "Verizon Wireless really does have premium pricing for their post-paid service," Nelson said. "Arguably, prepaid is a segment outside of their existing subscriber base." Shares of Verizon closed down 1.8 percent at $33.66. (Reporting by Roy Strom; Editing by Richard Chang and Gunna Dickson) Technology Media Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Social Stream (What's this?) Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Mobile Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Contact Us Advertise With Us Connect with Reuters Twitter Facebook LinkedIn RSS Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electric trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Other News on Thursday, 11 August 2011
Tiger's PGA Championship expectations: a win?
Franchising is a top value for restaurant chains
Majority of Americans lack enough savings to handle $1,000 emergency
New York City sees mandatory sexual education return to schools
Braves’ red-hot infielder Dan Uggla hikes hitting streak to 30 games
Roger Federer among early winners in Montreal; Kvitova advances in Rogers Cup
Democratic leaders oppose Obama on state medicaid payment rates
Saleh to look at restarting Yemeni peace plan |
TBS cancels "Lopez Tonight"
Calm returns to London but rioting on in other England cities, 3 killed in Birmingham
Political scandals and economy take toll on Brazil's Rousseff |
Justin Bieber, Selena Gomez head Radio Disney birthday compilation
Swiss, Germans agree tax deal on secret accounts |
Ugandan police fire teargas at Besigye's supporters |
Somalia militants weakened, could regroup: U.N. |
Cisco's Q4 beats Street view, focus on outlook |
Congresswoman eyes McAfee briefing on cyber attacks |
Verizon sees FiOS less profitable than copper |
Sprint sees slower business buying decisions |
German hackers crack mobile phone GPRS code: report |
American Idol producer says Jennifer Lopez coming back |
George Lopez late-night TV talk show canceled |
A Minute With: Eric Church on his new hit CD Chief |
MLS, NBC agree to three year broadcast deal
Quarterback Rex Grossman says 'Skins deep enough to win NFC East
Scholarship changes in NCAA proposed
Kevin Durant reportedly in negotiations with Turkish basketball team
German court stops sale of Samsung tablet PC in Europe
Female orgasm documentary showing onboard Qantas airlines
Luke Donald tries to balance pressure, desire to win at 93rd PGA Championship
S.C. City's Aging Population Offers A Glimpse Of The Future
Joe says Jonas Brothers will be back eventually
Jennifer Lopez to return to American Idol
Gavin DeGraw forced to cancel more tour dates following attack
Israel and Cyprus Forging Ahead on Gas Bonanza
Rebecca Black left school due to teasing
"30 Rock" star Alec Baldwin says he's going back to school to become Mayor of NYC
Three losses, no answers: UFC's Dan Hardy struggles to snap out of tailspin
Initial jobless claims drop slightly to just below key 400,000 level
Major Israeli Defense Merger Dropped
British Audit Commission estimates NHS hospitals need $300 million bailouts, loans
Former "Saved by the Bell" star Mark-Paul Gosselaar engaged
NCAA probe of Ohio State football continues; infractions hearing set for Friday
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01