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.
Verizon FiOS user Paul McNamara reported that his TV, phone and broadband services were cut off due to ants eating through the outer casing of the fiber optic cable that brings service into his home.
Verizon's FiOS customers are being greeted with yet another fee as the telco has added a $1 charge to its FiOS voice bills.
Verizon may still be one of the largest telco TV players, but the telco is seeing that in the markets where it offers its FiOS services, wireline broadband is becoming the dominant product.
Verizon plans to complement its growing set of higher Quantum FiOS Internet speeds with a new Wi-Fi router that will support the multiple wireless devices consumers are using in their homes to access the Internet and other content.
Verizon is appealing to new potential FiOS subscribers with a new $50 video, broadband promotional bundle, but customers will need to be prepared for the price jump when the promotional period ends.
Verizon may see New York City as one of its key existing FiOS growth markets, but it claims that building owners are not letting the telco's crews install the service, reports The New York World.