Verizon nears “the end” of FiOS builds

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It’s been nearly five years since Verizon decided to stop expanding its FiOS fiber network into new cities and towns, so this week’s news won’t come as a huge surprise: Verizon is nearing “the end” of its fiber construction and is reducing wireline capital expenditures while spending more on wireless. “I have been pretty consistent with this in the fact that we will spend more CapEx in the Wireless side and we will continue to curtail CapEx on the Wireline side. Some of that is because we are getting to the end of our committed build around FiOS, penetration is getting higher,” Verizon CFO Fran Shammo said yesterday in the Q4 2014  call with investors . Wireline capital spending totaled $1.6 billion in the most recent quarter and $5.8 billion for 2014, down 7.7 percent from 2013, Verizon said. Read 11 remaining paragraphs | Comments

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Verizon nears “the end” of FiOS builds

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