Verizon: Little Impact from Deadbeat Customers

Some cheery news yesterday from Denny Strigl, president and chief operating officer of Verizon Communications (VZ), who was speaking at the Deutsche Bank Media & Telecommunications conference in New York City, according to a report by Bloomberg Newswires. Strigle said the burdens of debt-laden customers and belt-tightening businesses hasn’t affected the firm. “The overall impact on Verizon Wireless, Verizon Business, and Verizon in total has been almost nothing,” Strigl said, with regard to incidents of customers, particularly in the US Midwest region, who are not paying their bills, and businesses that are closing offices or delaying purchase of telecom services.

From the same conference, Reuters reports that Strigl told investors that Verizon's build-out of FIOS fiber-optic broadband service could grow faster than expected. “”We’ll pass 12 million by the end of this year, 15 million the next, 18 million the next. I think even within that same time period, there may be some upside for us in number of homes passed without significantly changing the capital requirements,” Reuters quotes Strigl as telling attendees.

Comments

[notsosmart:]

who can believe anything anybody says. i own this stock & hope the message is valid but i doubt it.

2008 Jun 12 08:54 AM