Verizon has 717,000 FiOS TV customers

Verizon Communications, in reporting third-quarter earnings today, posted a drop in net income of almost 34 percent, but on the much brighter side reported slightly higher revenue and a FiOS TV customer additions of 202,000. That gives the carrier a total base of 717,000 FiOS TV customers. Customer additions of the FiOS Internet service came in at 229,000. The company added about 1.6 million wireless customers during the quarter.

Overall wireline revenue was still down slightly less than 1 percent, but Verizon managed 63 cents-per-share earnings that beat most analyst estimates by 1 cent. Many industry observers had been looking for Verizon to show evidence of greater video growth and strong earnings after AT&T had such a strong quarter, and the telco came through in most respects.

For more:
- read early coverage at TheStreet.com

Related articles:
- AT&T reported a profit surge for Q3

Suggested Articles

Amazon is putting the loss of the $10 billion Pentagon JEDI cloud contract squarely on the shoulders of President Trump, according to a filing.

Ericsson announced late Friday afternoon that it had agreed to pay $1.06 billion in fines to U.S. regulators after pleading guilty to bribery charges.

Amid a reorganization effort, Cisco is losing two key executives, including a former CIO and its top data center sales leader.