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Verizon: Paper, Fiber, Copper?

The old economy still drives Verizon's news

July 11, 2006

1 Min Read
Verizon: Paper, Fiber, Copper?

9:40 AM -- It looks as though Old Economy items like copper and paper -- in the form of wiring, directories, and debt -- are what's driving Verizon Communications Inc. (NYSE: VZ) news these days.

First off, due to rising copper prices, wiring for telecom purposes is becoming a big target of theft. Verizon has had thousands of dollars of copper wiring stolen in the last week, according to news reports:

  • Copper Fever: Thieves Strike AgainMeanwhile, while Verizon battles West Coast copper thieves, it's focused on paper on the East Coast -- of two kinds. It is hoping to raise billions of dollars in spinning off its directory business. The only problem? The debt market sees trouble in the bond exchange as Verizon would shuffle its debt around to create the spinoff, according to Reuters:

  • Verizon's swaps widen on split concernsFor the futuristic news, you need to travel to Long Island. That's where Verizon has announced its most recent FiOS TV availability:

  • Verizon Expands FiOS TV— R. Scott Raynovich, Editor in Chief, Light Reading

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