Last year Verizon Communications Inc. told Comcast Corp. that its Verizon-bashing “Don’t Fall for FiOS” advertisements are false and asked the cable giant to fix them in a “cease and desist” letter. Among other advertising claims, Comcast says that a comparable triple-play bundle of TV, phone and Internet service from Verizon can cost $400 more a year, after promotions expire, than one from Comcast. The case was eventually settled however, Comcast still faces heightened competition from Verizon and AT&T Inc., which are investing billions of dollars into new equipment to deliver TV and Internet along with their phone service in Comcast’s core markets. Verizon or AT&T compete in about 25 percent of Comcast’s franchise areas.
Filed under: Information | Tagged: Comcast, phone service, telecommunications, verizon |
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