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Verizon CFO Discusses Areas Without FiOS

Verizon CFO Discusses Areas Without FiOS

With Verizon Communications Inc. investing billions of dollars in optic fiber replacements for copper phone lines to improve television and internet services with better quality and faster speed, the areas not receiving these upgrades remain a major issue.

In a recent conference call with investors and analysts Verizon chief financial officer Fran Shammo said that if broadband speeds are upgraded in non-FiOS areas, it will be through the company's new 4G LTE data network, according to The Associated Press.

"We're not going to invest a lot of capital in the copper core network in those outlying areas," Shammo said. "But I think we have a strategic bundle that we can go into those households with, give them a better experience than what they're currently having on their DSL line from a bundling of the wireless portfolio that we have. So that's the strategy that we're going to deploy."

One area where Verizon's new 4G LTE network has already launched is Bartlesville, Oklahoma, which launched the service on October 20. According to the Bartlesville Enterprise, the network will reportedly enable customers to download files and browse the internet up to 10 times faster than before.