Verizon's fourth-quarter wireline segment success was again driven by FiOS, where revenues rose 14.9 percent year-over-year to almost $2.8 billion as more customers purchased higher speed broadband tiers.
Verizon said Tuesday that it plans to launch "next-generation" video services on its FiOS TV platform and through a new over-top-video service, using the OnCue interactive TV technology it picked up through the acquisition of Intel's Intel Media division.
Verizon may not be pursuing new FiOS markets, but its ongoing deployment of fiber to multi-dwelling units in New York City is enabling it to more effectively keep cable competitors, particularly Time Warner Cable, at bay.
Verizon's FiOS products are helping it win back commercial customers who had jumped to cable operators or services marketed by competitive local exchange carriers, CEO Lowell McAdam said Tuesday.
Verizon may have made the final curtain call on FiOS expansion in Greenfield markets, but it is the telco's wireline revenue growth engine in areas where it currently provides the fiber-based service, CEO and Chairman Lowell McAdam told investors on Tuesday.
If you reside in a part of Verizon's territory where it does not yet offer FiOS service, you will never get it. You'll have better luck with your local cable operator.
Frontier may be seeing some signs of FiOS video and broadband growth, but don't expect the telco to make a big update or expansion of its fiber anytime soon.
Lowell McAdam, CEO and chairman of Verizon, put another nail into the FiOS expansion idea, saying at an investor conference on Monday that the carrier will continue to focus on expanding service availability in existing markets.
Cablevision could soon face new competition in the Long Island town of Glen Cove, N.Y., where Verizon is seeking a cable franchise for its FiOS TV service.
Verizon recently established a VoIP interconnection agreement with Vonage, the latest pact that it hopes will set the foundation for its growing IP VoIP interconnection partnership program.