5.5 billion back in January was supposed to pay down debt and fuel capex .... VOD is growing just
fine and they pitched their share to share holders and still maintain a fat div .. VZ could spread a little
around ..
i understand your stance , but remember . the 1st phase of FIOS buildout was quite agressive and
funded by borrowing ...
so far , i have been a big fan of VZ management and their ability to execute a fine business plan
that was crafted .. .so if they decide to put more $$ toward FIOS and/or get LTE into more
markets . that's okay with me too ,,
the thing that i really don't care for is stock buybacks ... i also IBM and they have been buying
back hand over fist since 1996 ... nearly 150 BILLION , they certainly haven't retired that many
shares and i don't see where the buybacks have done all that much for the share price ...
such is life , we all have our druthers ..