Everyone has heard of Verizon. You might even have a Verizon phone or other service, but do you really know much about one of the biggest telephone companies in the world? If you think they are “just a phone company”, you are mistaken. From turning over call records to the NSA, failing to build out infrastructure, stifling competition, gobbling up government subsidies to buying up competitors and other companies, Verizon is a good example of American corporate greed gone amok.
Here is a recap of the highlights in the cable and ISP news from around the country for the week of May 8, 2017:
Sonic Expands its $40 Gigabit Internet in San Francisco
Independent Internet Service Provider Sonic has begun offering gigabit internet service for $40 per month to residents of San Francisco. That is about half the price that many of the bigger ISPs are offering their gigabit service for.
Following suit with all the other telecos and ISPs buying and selling and merging, late last year it was announced that Windstream and EarthLink would merge. The deal was finalized in February of this year. According to this deal, EarthLink shareholders received 0.818 shares of Windstream stock for each share of EarthLink they owned. The value of the merger is $1.1 billion.
