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.
After a limited trial in New York City, Verizon has expanded an aggressive triple-play promotion that offers new FiOS voice, data and TV subscribers a $150 Visa gift card and a free year of Netflix.
Verizon will pay $1.375 million to settle a complaint by Maryland customers who say the company misrepresented FiOS costs. The telco also agreed to pay a $250,000 state penalty and $75,000 in costs.
Verizon has yet to jump on the 1 Gbps fiber-to-the premises (FTTP) bandwagon by adding it as a speed option in its FiOS Internet service suite, but it can get there if it sees a demand for that speed.
Verizon has responded to the growing need for higher speed Wi-Fi home networking connections with the debut of its FiOS Quantum Gateway, a device it claims can deliver up to 800 Mbps. Verizon is also promising greater range of up to 325 feet within a home or business, and the ability to support a larger number of devices such as tablet computers, smartphones and video devices. FierceTelecom has a complete look at the new device here.
Verizon has responded to the burgeoning need for higher speed Wi-Fi home networking connections with the debut of its FiOS Quantum gateway, a device it claims can deliver up to 800 Mbps.
Netflix has become such a powerful programming force, MVPDs are now using it to market their wares instead of their own programming bundles. That's the compelling thesis of a Monday BTIG Research blog post from analyst Richard Greenfield, who takes aim at a new Verizon FiOS promotion that puts Netflix at the heart of a triple-play service offering.
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.