Broadband Future

Lehman: Verizon may want to rethink FTTP: "Verizon's FTTP initiative, which has now passed more than 3 million homes and businesses in 16 states, cost the company $1 billion in free cash flow in 2005, Bath said in the note. That cost could double this year, he said, draining another $1 billion to $2 billion per year through 2010. AT&T's investment in FTTN, meanwhile, is 'smaller and more concentrated,' Bath wrote, perhaps totaling $6 billion and ending in 2008, when it could begin to generate free cash flow."