High costs and the recession are accelerating efforts to bring high-speed fiber-optic Internet service across the US, which is leading. AT&T Inc., Lumen Technologies Inc. once Verizon Communications Inc. to scale back its expansion plans.
Verizon expects to extend fiber to about 50,000 fewer homes this year than last, management said in recent days. Lumen hit the “stop button” for a more profitable strategy, I mean AT&T, which has focused on fiber and 5G wireless, has reduced the number of homes it plans to reach by 39% this year.
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