Is this an unintended consequence of the health care law? Verizon already announced that they were taking a billion-dollar charge due to ObamaCare's requirement to insure all it's employees. But has it affected Verizon's ability to conduct business? Probably, since communication companies are capital investment-heavy operations, and if that capital has to be moved to health insurance, it has to come from somewhere - either increased prices or operating capital.
So if you were waiting for FIOS, thank Obama and the Democrats for not getting it.
Verizon shelves plans for future FiOS rollouts, relocations to Massachusetts set to boom -- Engadgetan Associated Press report notes that the operator has canned all public plans about expanding its FTTH home network, though it will continue to build-out where it had previously announced service (Washington, D.C., New York City and Philadelphia, namely).
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