Telcos have been making much progress the last few months in winning over customers for their nascent TV offerings, and expanding these services into new markets, so it's easy to forget what a risk these TV strategies seemed like when they were undertaken.
The expensive fiber upgrades may still take several years to completely pay off, but if investors can be convinced the future will be bright, that's half the battle. Verizon appears have overcome initial investor concern, and has Wall Street believing that its path to higher-revenue TV customers remains clear.
For more:
- BusinessWeek reports on investors' increasing faith in Verizon