Frontier Communications (NYSE: FTR) CEO Maggie Wilderotter has cleared up months of innuendo, rumor and just plain misdirection by telling financial analysts she wants no part of the FiOS TV business the company acquired from Verizon (NYSE: VZ), which, itself has been carefully and selectively rolling out the FTTH video service.
"Our focus is not on FiOS video deployment. The costs to install, set up and market new FiOS video customers are very expensive and, in our view, uneconomical," Wilderotter said during a first quarter earnings conference call.
Frontier has been spiking rates and offering DirecTV as a way to get rid of the 112,000 FiOS customers it still has in Oregon, Washington and Indiana. It's also instituted triple digit installation fees as a way to discourage new subscribers from signing up. It's also trying to get out of cable TV franchise agreements, which has raised the ire of local regulators who saw Frontier as a competitive piece for cable TV.
- the Oregonian has this story
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