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Verizon’s FiOS: A Smart Bet or a Big Mistake?

August 20, 2008
by Saul Hansell
Blogger, New York Times Bits

Saul Hansell

Four years ago, Verizon Communications embarked on an ambitious and expensive plan to run fiber optic cables, which can deliver ultra-fast Internet service and dozens of high-definition video channels along with old-fashioned telephone service, past 19 million homes, roughly half its territory. When it was announced, Verizon’s $23 billion planned investment in the service, called FiOS, was met by a chorus of skeptics, both on Wall Street and among rivals.

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