Verizon Wireless Agrees to Settle ETF Lawsuits
Oh Verizon...
Yeah, and that must be why carriers fought tooth and nail against such lawsuits.
VZW definitely came out winning.
$21 million is nothing to VZW. That's all nickles and dimes. they won because now they won't receive any bad publicity from the lawsuits (actually, this may be good PR because of a "regulated" ETF that customers blindly support). They won't have to reallocate anymore time and resources to figuring these lawsuits out. Look at all of the goodwill they gained from this! it's amazing.
VZW said "s...
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Correction - $21 million is not less than 1% of revs'. It comes to about 4.47%.
rmtp22 said:
Hate to burst your bubble - but VZW is over $31Billion in debt.
Correction - $21 million is not less than 1% of revs'. It comes to about 4.47%.
AT&T debt: $63 billion
http://www.thestreet.com/story/10393862/1/att-boosts ... »
Sprint-Nextel: $19.5 billion (and growing)
http://www.kansascity.com/798/story/717800.html »
Qwest: $22.6 billion
http://www.marketwatch.com/News/Story/Story.aspx?gui ... »
I'd have to say Verizon is in pretty good company from a debt perspective. It's a way of life in the telecom world. profitability is way more important then debt load. As long as the debt is tied to sound investments in ...
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Yes in order to grow and keep adding, they will have to keep looking for other sources of funding. Money is cheap. Look at Sprint - they are still in business. And now with the ClearWire deal.......
And US Cellular. They refuse to go into debt and prefer to be cash and carry only. Look where that has put them. Antique equipment and a no compete for the data market share.
It was not an attempt to debate financial's, but rather a reality check to the ones that believe VZW is more than perfect and have no debt.
It will be interesting to see if they pull off their 2yr de...
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dimmy said:
Yup i know, but not $175 only $90 which yes is alot but $85 less than I would have 🙂 (I just called).
So you're 17 months into your contract. Did you know that Verizon has had a pro rated ETF since November 2006? (AT&T didn't start their's until May '08 and Sprint still has yet to implement a pro rated ETF policy) This lawsuit didn't have anything to do with what it cost you to leave. It was the same regardless. $5 reduction per month that you have fulfilled.
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