Verizon FiOS's top speed may only be 300 Mbps, but Fran Shammo, EVP and CFO of Verizon told investors that it can deliver 1 Gbps service similar to what Google Fiber is touting--when the demand comes.
Verizon's EVP and CFO Fran Shammo, according to a report in FierceCable, said that while the telco anticipates higher churn for FiOS products during the summer months, he is "confident" the telco will achieve its goal of adding 600,000 new subscribers by the end of the year.
Cablevision posted a net loss of $16.6 million for the first quarter as its profits were drained by subscriber losses, decreased revenue and increased spending on customer premise equipment.
Frontier Communications said it picked up 18,300 video subscribers in the first quarter, driven by its agreement to resell Dish Network satellite TV programming to its rural telephone customers.
Synacor stock jumped about 22 percent Wednesday after it announced a deal to provide TV Everywhere authentication for Verizon's FiOS TV subscribers.
While admitting that "as technologists, we're probably underestimating what the future will bring," Verizon CTO Tony Melone said the company is set on a path of using four specific platforms--wireless, a global IP backbone, FiOS and data centers--to plot the best course it can for its own future.
Comcast's Golf Channel launched a Golf Live Extra app for Apple's iPhone and iPad and Google Android mobile devices that lets authenticated subscribers watch live programming anywhere with an Internet connection.
There has, of late, been some effort to dismiss the value of television as just a component of a broadband experience. The misguided thinking is that TV is peripheral, a video component to a wider ranging broadband initiative. That certainly flavored my conversation with Greg Consiglio, president and COO of second screen app provider Viggle.
Dish Network has filed several trademark applications to utilize the brand Otto for voice recognition software that could be used to power both its satellite TV service and the mobile phone product it is developing.
The addition of 169,000 FiOS video subscribers--and 188,000 total broadband subscribers--drove Verizon wireline revenues up 15.1 percent year-over-year to $2.6 billion. The subscriber gains easily topped fourth quarter numbers where Verizon gained 134,000 new FiOS subscribers.