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dynodbPremium,VIP
join:2004-04-21
Minneapolis, MN | Ridiculous Comparing Verizon and Qwest while crediting FiOS for Verizon's better financials is completely dishonest. I'd say stupid, but Karl knows better.
FiOS isn't making Verizon money, wireless is. FiOS is costing them money, at least for the time being. Qwest lacks it's own wireless division, and as pretty much everyone who's been paying attention knows, this is what has hurt them.
At some point in the future, FiOS may prove to be a winner for Verizon, but that time has not yet arrived. | |
Sammer
join:2005-12-22
Canonsburg, PA
1 edit | said by dynodb:FiOS isn't making Verizon money, wireless is. FiOS is costing them money, at least for the time being. Qwest lacks it's own wireless division, and as pretty much everyone who's been paying attention knows, this is what has hurt them. What would have been Qwest's wireless division was sold to Vodafone in 1999. Less than a year later the former Bell Atlantic / NYNEX and Vodafone began operations of a joint venture known as Verizon Wireless. Surely some stock analysts thought that sale was a good idea at the time. | |
| reply to dynodb
said by dynodb:Comparing Verizon and Qwest while crediting FiOS for Verizon's better financials is completely dishonest. I'd say stupid, but Karl knows better. FiOS isn't making Verizon money, wireless is. FiOS is costing them money, at least for the time being. Qwest lacks it's own wireless division, and as pretty much everyone who's been paying attention knows, this is what has hurt them. At some point in the future, FiOS may prove to be a winner for Verizon, but that time has not yet arrived. Finally some common sense talking. Qwest losing wireless definitely has hurt them a lot. They really cant really draw in capital from thier existing products and they cant take much more debt either. In addition to having sparse markets and the Nacchio fiasco, I think they can only stay afloat for so long. I'm very interested to see where Qwest ends up.
The ROI on FIOS is coming though. I think Verizon does have a bright future ahead. | |
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