[Stat] Wiring a neighborhood for FiOS costs Verizon about $750 per home. Actually connecting a home to the network costs another $600.

Verizon has faced skepticism from investors over the project because of the high costs. Wiring a neighborhood for FiOS costs Verizon about $750 per home. Actually connecting a home to the network costs another $600. The total cost from 2004 to 2010 was budgeted at $23 billion. But it’s allowed Verizon to mount an effective resistance to cable companies, which are siphoning off landline phone customers and can offer higher broadband speeds than phone companies without fiber straight to homes can.

via Verizon Winds Down Expensive FiOS Expansion – NYTimes.com.

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