GigaOm pointed out yesterday that Verizon (VZ) now has about 1.1 million FiOS fiber-to-the-home customers being delivered voice, broadband and TV. The telecom is adding 2,600 customers a day.
For those in the media and on Wall St. who believed that FiOS would be a $23 billion train wreck, the early signs are that the system may do well.
But, fiber has had a big drawback and that is raising Verizon’s installation costs considerably. As Barron’s points out: "Existing fiber cable can’t be bent without significant loss of signal, requiring expensive corner-turning devices." But, Corning (GLW) seems to have solved that problem. In the near future, it is bringing fiber that bends without signal problems to market.
The product should cut some of Verizon’s costs for installing FiOS in seven million homes, which is its goal. It should also help the revenue picture for Corning’s telecom business.
Better earnings, lower costs.
Douglas A. McIntyre
Sponsored: Want to Retire Early? Here’s a Great First Step
Want retirement to come a few years earlier than you’d planned? Orare you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
