“The truth is, we have never provided ‘dumb pipes,’” he said. “And as more and more commerce takes place on the Internet, customers will rely even more on the quality of service, reliability and product differentiation that network operators provide. More broadly, if we can’t earn a return on the investments we make in broadband capacity, our progress toward a connected world will be delayed, if not halted altogether.”
Verizon Chief Executive Officer Ivan Seidenberg, October 20th 2009 at Supercomm tradeshow