Wired reports that Verizon is betting on fiber technology.
Now, Verizon Communications is making a big and expensive bet on replacing the network of copper wires that has provided phone service since the 19th century with fiber, giving it the capability to carry TV and super-fast internet service in the bargain.
Investors have been skeptical of the plans, sending Verizon’s stock down by about 20 percent since the rollout started last year, and other phone companies have not made the same gamble. Donohue, however, is happy with the service Verizon calls FiOS.
I think Verizon would make a nice stock buy right now. The capital investment they are making makes sense from my perspective.
Who doesn’t want 20MBps into their home? Trust me, a high speed always on connection is the new status symbol of the 21st century. Your ability to be connected everywhere you go, and the number and types of connections you have at your disposal are status symbols – they represent your power quotient.
I think that high speed wireless technology will eventually eclipse everything else, but that process is going to take decades. For now, fiber optic technology is the ultimate nerdly status symbol.