Verizon & Nassau OTB tell

the customer to.....
1. Verizon wants to kill the customers who refuse to part with their copper lines.
2   Verizon raises the price on FIOS faster than is justified.
3.  Rather than pay the communication workers of America to work, Verizon pays marketing people to sell FIOS when FIOS sells itself.
4.......

Nassau OTB tells the customer that their wishes do not matter. Unlike Verizon Nassau OTB is allegedly a public benefit corporation.
1. Nassau OTB treats physical branch locations where customers come to bet  and socialize with the same attitude that Verizon treats copper telephone lines. There were once twenty something OTB branches. Once Nassau OTB opened the "Race Palace" the number of branches started to decline precipitously. Unlike Verizon's Bonds, Nassau OTB Race Palace Bonds are guaranteed /convennted by Nassau County. Both Verizon an Nassau OTB and Nassau County are subject to assorted sections of the US Bankruptcy Code.
2. Nassau OTB bettors want Racing Programs and Forms in the form that they prefer paper to be available so that they may be used for betting.
 Nassau OTB was unable to maintain an Italian Restaurant in its Carle Place Branch. Said restaurant was held in esteem by OTB customers and employees and paid rent. The space previously occupied by the restaurant has been empty and devoid of a rent paying tenant for a considerable period of time.
3. Like Verizon Nassau OTB is top heavy and does not care about its workers. Why should OTB care when the Union that represents Nassau OTB employees , Teamsters Local 707 is interested in little more than collecting dues.  This is not a surprise as the President of Teamsters Local 707 is a Suffolk County Politician. When Nassau OTB closes branches, it cannot open new ones without obtaining the approval of others. With the closing of each Branch bettors and employees are displaced. Many bettors do not migrate to other OTB Branches. 


   
Technology
Verizon Pulls Back From Wireline, Internet Businesses
Telecom Giant’s $10.5 Billion Asset Sale to Frontier Hastens Shift Toward Wireless Operations
The wireline sale would pare back Verizon’s role selling telephone and Internet service to residential customers and businesses. ENLARGE
The wireline sale would pare back Verizon’s role selling telephone and Internet service to residential customers and businesses. Photo: Reuters
By
Ryan Knutson
Updated Feb. 5, 2015 8:41 p.m. ET
19 COMMENTS

Verizon Communications Inc. is selling off about a quarter of its wireline telephone and Internet operations, taking a big step back from the more regulated, slower-growing businesses of its past.

The company said Thursday that its $10.5 billion sale of assets to regional telecom operator Frontier Communications Corp. will get Verizon out of the market for wireline phone service in three states—Texas, California and Florida. The transaction will leave its remaining operations in that business concentrated in nine states in the Mid-Atlantic and Northeast regions.

To complete its exit, Verizon also will part with millions of customers who use FiOS, the fiber-optic network the telecom giant has spent about $23 billion rolling out over the past decade.
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The sale will leave Verizon with roughly 1.6 million fewer FiOS Internet subscribers, about 24% of the company’s total. It will also leave the company with 1.2 million fewer FiOS video customers, about 21% of the total. The deal covers Dallas, the first market where FiOS service was offered.

Thursday’s deal with Frontier sharply accelerates Verizon’s shift toward the wireless business, which already accounts for about 69% of its $127 billion in annual revenue.
Verizon CEO Lowell McAdam ENLARGE
Verizon CEO Lowell McAdam Photo: Getty Images

The wireless business is poised for more growth as Americans increasingly use mobile devices to connect with the Internet.

Moreover, the business isn’t unionized and is less heavily regulated than wireline phone service.

Verizon Chief Executive Lowell McAdam said new rules proposed by the Federal Communications Commission and backed by President Barack Obama to regulate Internet lines as a utility contributed to the company’s decision to sell.
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“An important consideration was the current regulatory uncertainty and the potential impacts on future investments of a reclassification of broadband under Title II,” Mr. McAdam said, in a reference to the telecom legislation that would govern the Internet under the FCC’s proposal.

About 11,000 Verizon employees will become employees of Frontier as part of the deal.

The company also will shed 3.7 million of its 19.8 million voice customers.

Mr. McAdam rose through the ranks at Verizon’s cellular business, unlike his predecessor, Ivan Seidenberg , who worked his way up through its traditional phone business.

A year ago, Mr. McAdam completed the $130 billion acquisition of Vodafone Group PLC’s half of the two companies’ U.S. wireless joint venture.

His priority now is to pay down the debt Verizon took on in that deal, as well as to cover the cost of $10.4 billion in wireless licenses the company bought in a record-setting government auction that wrapped up last week.

Separately, the carrier said it struck a deal with American Tower Corp. that would give the cellular-tower company control over more than 11,000 of Verizon’s cell towers in exchange for $5 billion.

American Tower would gain exclusive rights to lease and operate the towers under the deal, and Verizon would continue to have access to reserve capacity on the towers.

Verizon is exploring ways to deliver video service over its wireless network. The carrier plans to launch a video service later this year that will be delivered to mobile phones and tablets.

Write to Ryan Knutson at ryan.knutson@wsj.com