This may just my wishful thinking, but Moffett’s analysis of the finances should be devastating. I’m not objective on this one because I want a great Internet for everyone in my own city. The deal is risky at best, not appropriate for an important public utility. I’ve come to a similar conclusion, calculating the investment won’t pay off unless Cablevision, with Verizon collaboration, significantly raises the price of broadband. This is directly counter to the policy goal of getting more people connected as well as unjustified by the real costs of delivering the service. U.S. prices are a third or more above prices in Europe, including Altice’s own Numericable. Craig has enormous influence, extreme originality and even a sense of humor. He wins polls as the best on wall street and is followed by nearly all major investors.
Craig reports New York City will “weigh whether the deal will be good for New Yorkers along four different dimensions: 1) jobs, 2) service levels, 3) prices, and 4) future investment in the network.”