Fiber was supposed to be Verizon’s (VZ) panacea. Spend $23 billion and lay down 80,000 miles of wire to 18 million homes.
But, as Fortune points out fiber has one very significant problem: "Bend it a little and the light – and therefore the data – starts to escape." Opps. Fortune adds: "This intolerance for bending can make fiber optics a nightmare to install in someone’s home"
Corning (GLW) may be close to finding a technology solution to the problem, but it is not there yet.
The hidden cost of Verizon’s FiOS may end up being its installation cost. Getting the product into has many homes as possible as quickly as possible is critical to Verizon competing with the cable companies for voice/broadband/TV bundled packages.
Critical, and, it would seem, more expensive than anticipated.
Douglas A. McIntyre
100 Million Americans Are Missing This Crucial Retirement Tool
The thought of burdening your family with a financial disaster is most Americans’ nightmare. However, recent studies show that over 100 million Americans still don’t have proper life insurance in the event they pass away.
Life insurance can bring peace of mind – ensuring your loved ones are safeguarded against unforeseen expenses and debts. With premiums often lower than expected and a variety of plans tailored to different life stages and health conditions, securing a policy is more accessible than ever.
A quick, no-obligation quote can provide valuable insight into what’s available and what might best suit your family’s needs. Life insurance is a simple step you can take today to help secure peace of mind for your loved ones tomorrow.
Click here to learn how to get a quote in just a few minutes.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
