Verizon has struck an agreement to bring FiOS to Boston via a $300 million, six-year investment plan that will replace the city's aging copper network infrastructure with fiber.
Verizon is giving FiOS customers the option to purchase a triple play bundle with 100 Mbps symmetrical speeds for $69 a month, reflecting its recognition that consumers want higher speeds as it winds down its FTTH roll out.
Verizon may be selling off a sizeable piece of its wireline network base to Frontier, but the service provider will have a concentrated FTTH base allowing it to effectively compete with Altice when the France-based company completes its Cablevision acquisition.
Verizon's chief says that despite emerging rumors about the company's future, the telco has no intention of divesting any more of its wireline assets.
Fresh off its 70 percent acquisition of cable company Suddenlink Communications, French telecom firm Altice may already be looking at its next U.S. target: Verizon Communications' residential wireline business, including FiOS TV.
Verizon is seeing more of its FiOS customers adopt its symmetrical 75 Mbps Quantum speed tier, a factor that's helped the telco offset an overall decline in first-quarter 2015 wireline revenue.
Verizon may have continued to add more FiOS Internet and video customers in the third quarter, but those gains were lower than what it reported in the same period a year ago, illustrating that it is continuing to reach the upper limits of penetration in its existing 13-state region.
Verizon reported that third-quarter consumer wireline results rose 4.5 percent to $3.9 billion, with FiOS revenues representing 76 percent of the total wireline revenues.
Verizon may be reaching the upper limit of penetration for fiber to the home (FTTH), but its move to provide symmetric speeds across all of its service offerings shows its desire once again to beat cable with fiber--particularly in the upstream direction.
Verizon's FiOS results bounced back in the second quarter, with revenues rising 14.4 percent year-over-year to $3.1 billion due to an uptick in both broadband and video subscriptions.