Did Verizon Scam Pennsylvania?
from the maybe-so dept
Someone anonymous submitted this story saying that Verizon (as Bell Atlantic) has been scamming the state of Pennsylvania. Apparently, Pennsylvania gave Bell Atlantic "financial incentives" to the tune of $2.1 billion, in exchange for certain broadband promises - which were never delivered. And, we're talking about much more serious broadband than what people talk about today. In the agreement (signed in 1994), Bell Atlantic promised "45MB/s symmetrical fiber service right to the door of homes and businesses". The company clearly promised this rate in the agreement and other statements, but never reached it. In exchange, though, they were granted $1.5 billion in tax relief and $600 million in other incentives. If you're wondering, this apparently works out to $785 per household in the state of Pennsylvania - and some say Verizon should be forced to pay up.