I trust public company press releases that commit to concrete numbers: there is a cottage industry of plaintiffs' lawyers that bring securities class actions for material misstatements of financial information.
NY residents didn't invest anything in fiber. Verizon got rate hikes because it has been losing billions of dollars a year in NY. Nationwide, Verizon's wireline profit margin is in the low single digits--it's utterly ridiculous to say they're receiving a "subsidy" in the form of above-market monopoly prices.
As I mentioned in my original comment, New York already had fiber networks covering large parts of the city. Verizon was able to access these, which already "ran past" many buildings in the city (including mine), and still never bothered to hook up those buildings as they had already agreed to.
NY residents didn't invest anything in fiber. Verizon got rate hikes because it has been losing billions of dollars a year in NY. Nationwide, Verizon's wireline profit margin is in the low single digits--it's utterly ridiculous to say they're receiving a "subsidy" in the form of above-market monopoly prices.