Verizon's ongoing plan to migrate customers from its aging copper-based voice and DSL products to fiber-based FiOS will gain momentum in 2013 as it looks to reduce network maintenance costs on problematic copper lines.
The average Verizon FiOS and AT&T U-verse TV subscriber spent $25.29 on video-on-demand movies in 2012, outspending cable and satellite TV subscribers, NPD Group said Monday.
Fran Shammo, EVP and CFO of Verizon, said on Monday during the Morgan Stanley Technology, Media & Telecom Conference that they don't hear customers demanding Gbps broadband speeds.
Verizon Communications on Monday said that it spent over $347 million on its wireline networks and IT infrastructure in Florida, including the Tampa Bay area, in 2012.
Verizon on Monday launched a plan for existing FiOS customers allowing them to upgrade to its introductory Quantum tier of 50/25 Mbps for an additional $10 per month.
A new FCC study released on Friday measuring broadband speeds showed that Verizon's FiOS and Fiber to the Home-based broadband services overall delivered consistent speeds for subscribers.
Verizon has yet to offer a 1 Gbps Fiber to the Home (FTTH) connection, but it says it's ready to deliver such a service when its customers start demanding these speeds.
Samsung has expanded its Verizon FiOS TV app for smart TVs and Blu-ray players to include 75 channels and 25,000 FlexView on-demand moves and TV shows. The move clears the way for subscribers to get a wealth of Verizon content without a set-top box.
Verizon has expanded the number of networks that FiOS TV subscribers can access on applications for Microsoft's Xbox and connected TVs from Samsung to 75.
International analyst firm IHS Screen Digest believes there is "still plenty of room for growth" for U.S. IPTV providers, based on reported subscriber increases for both AT&T U-verse and Verizon FiOS, but the rate is slowing.