by Bruce Kushnick 01/11/2018 01:53 pm ET; original article here.
Verizon Has Invested in 470+ Companies/Entities, Worldwide
When you pay your Telecommunications bills, do you ever wonder where all the money goes? Verizon Communications, Inc. had a 5% or more interest in these 470+ companies/entities at the end of 2016. While the company pleads poverty and claims it can’t afford, or won’t, build out and maintain their networks, have funds been transferred for investments worldwide, including to Bulgaria, Iran, India or Estonia?
Or worse, in the Net Neutrality decision, how can the FCC quote research that uses the construction budget of the entire holding company, which has hundreds of companies, to claim that ‘Title II’ harmed the ISP investments in US broadband deployment? (And what does NCC Charlie, NCC Delta and NCC Echo Company do, exactly?)
Note: This is a partial list and doesn’t include Yahoo, for example, which closed in June 2017. (Source: Verizon NY 2016 Annual Report, published June 2017.)
