Tuesday, February 16, 2010

Rumor MIll - Verizon Layoffs and Set to Exit Cable Business


I spoke with a couple of industry insiders and there are two persistent rumors... Verizon is starting to layoff their FIOS tech's and they plan to exit the "cable" business by 2014.

Cheaper TV Take: This is bad news for consumers.  For many, it was a blessing to have as a second option for high speed internet and Cable TV.  I'm sure those that have it will be able to keep it.  It will probably just  slow the pace of adoption to under-served areas.  Maybe they're prepping to sell that side of the business and focus on Verizon Wireless.  Hopefully Google will move quickly with their fiber plans.