Verizon Communications added 116,000 FiOS video subscribers in the fourth quarter, a 26 percent year-over-year uptick, upping its total video subscriber base to 5.6 million.
Verizon reported that strong consumer services and FiOS revenues helped the telco ease the pain of an overall decline in wireline revenues during the fourth quarter.
Verizon has once again taken the top spot on Netflix's monthly U.S. ISP Speed Index, maintaining its lead over a group of aggressive cable operators that are gaining ground in the speed race.
Frontier Communications has put another element of its video service business management team in place by naming Stephan LeVan as its new senior VP of video content and delivery.
Verizon CEO and Chairman Lowell McAdam says that a potential sale of some of its wireline assets could provide the company with various operational and process benefits.
Verizon may still be seeing slow growth in the enterprise space, but it's starting to see some potential light at the end of the tunnel that could bring it back into profitability over the next year.
Verizon and Cox Media Group have ended a broadcast retransmission impasse that kept Fox affiliate WFXT-TV off the program guides of 400,000 FiOS subscribers in Boston and Rhode Island since Thanksgiving Day.
Wireline revenue will continue to decline by 1 percent in 2014 and 2015, according to credit rating firm Moody's. However, the rate of decline should improve as telcos like AT&T and Verizon see growth in residential TV and broadband services.
Verizon's ongoing war of words with Hopewell Township, N.J.'s officials over telephone service quality and lack of fruitful broadband service shows that consumers' desire for high speed wireline broadband is just as prevalent in rural markets as it is in large cities.
Verizon is refuting charges made by local officials that it has turned its back on Hopewell Township, N.J.'s copper-based network while not providing its next-gen fiber-based FiOS service.