Media

Verizon (VZ) Flanks The Cable Guys Again

Verizon (NYSE: VZ) has started to give the cable companies fits with its new fiber-based TV and broadband services. The offering has all of the advantages of cable products and claims to have faster connection speeds. Even if it does not, cable now has direct competition from a company with a hefty balance sheet and plenty of landline and cellular customers who may want to add another service.

Cable did still hold one fortress which was its wiring of large apartment buildings where it could pick up hundreds of customers at a time. There is a breach in the wall around that business now as well.

According to The Wall Street Journal "Verizon’s fiber-optic service, mainly available to suburbanites, is making a big push into Manhattan with a deal to connect an 11,232-unit apartment complex."

If Verizon can duplicate the deal in a number of other very large apartment buildings in it service area, cable will have lost one of its best advantages which was its exclusive access to this kind of real estate.

Douglas A. McIntyre

The #1 Thing to Do Before You Claim Social Security (Sponsor)

Choosing the right (or wrong) time to claim Social Security can dramatically change your retirement. So, before making one of the biggest decisions of your financial life, it’s a smart idea to get an extra set of eyes on your complete financial situation.

A financial advisor can help you decide the right Social Security option for you and your family. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you.

Click here to match with up to 3 financial pros who would be excited to help you optimize your Social Security outcomes.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.