AT&T reported losing 22,000 U-verse video customers during the second quarter, a reversal of the 190,000 customer additions the carrier reported during the same quarter a year ago. Conversely, AT&T's rival Verizon reported it added 26,000 net FiOS video subscribers during the period.
Delivering the first update on its groundbreaking "skinny bundling" strategy in nearly three months, Verizon said around 9,000 new subscribers signed on for its FiOS Custom TV video bundles.
Verizon said it only added 26,000 net FiOS video subscribers in the second quarter, a figure that potentially indicates sluggish progress for the overall pay-TV industry during the period.
Wells Fargo analysts have lowered their subscriber-growth projections for Verizon's FiOS video service, citing increased competition from over-the-the top services.
Verizon is coming under fire again in New York City over claims that the service provider is preventing competitors' broadband data service from being delivered to their customers by blocking access to necessary fiber conduits.
Verizon has begun negotiations on a new contract for union workers represented by the Communications Workers of America (CWA) and the International Brotherhood of Electrical Workers (IBEW) amidst claims the telco is not meeting its FiOS and copper network repair obligations.
Cablevision is not giving up on challenging Verizon's claims that its FiOS network is 100 percent fiber-based, so it is combining its claims into one larger suit.
An audit conducted by New York City's Department of Information Technology and Telecommunications has found that Verizon Communications failed to deliver on its promise to provide fiber-optic service for television and broadband to anyone who wants them by 2014.
Verizon is seeing savings of 60 percent and greater from transitioning copper plant to an all-fiber network, said Sampath Sowmyanarayan, Verizon's senior vice president of transformation, while speaking at the Genband Perspectives 15 conference last month.
Frontier has launched a multifaceted offering of its shares and stock in order to raise the cash needed to finance part of its planned purchase of Verizon wireline properties in California, Florida and Texas.