Last week, Verizon acknowledged that in 2008 its FiOS TV services is likely to press its previous market boundaries by moving into at least a couple big-city markets and the multi-dwelling units sector. FiOS has been a TV juggernaut thus far, and with some cable TV companies struggling and their traditional hold on MDUs being tugged away from them, Verizon may smell blood. Still, pulling away from its suburban comfort zone could also provide a greater competitive test for FiOS.
- read this story from Investor's Business Daily at CNN Money
- Verizon reported 717,000 FiOS customers in its third-quarter earnings