Verizon announced late last month that it was disbanding their local news network entirely laying off nearly 200. A move that baffled most as network was formed to compete with cable giant and number 1 competitor Cablevision's News Channel 12 in the New York-New Jersey area.
Cablevision since sold to French company Altice who has invested Billions into the company running a brand new Fiber to the prem network combined with new home equipment and new IMG. Their network is now on par if not better than Verizon.
Verizon this week has announced a partnership with Altice to pick up their News Channel 12 network and broadcast it to Verizon customers.
These two once fierce competitors are now joining together to serve the same customers?
Verizon is going one way only now.....5G Not Fios.
If I worked in an area for Verizon that is extremely slow with no work and the competition is Altice....This tells me that your check may say Altice in the future.
Altice wants this business....Verizon does not.
Verizon is starting to give it to them.