Source
Telco Signs 303,000 TV and 282,000 FiOS Internet Subs In Q4
Verizon Communications added a record-high 303,000 FiOS TV subscribers in the last quarter of 2008, a data point that seemed to defy the fizzling economy, although the telco's legacy landline business continued to shrivel and sales in the enterprise services unit were hit harder than expected.
The telco ended the year with just over 1.9 million TV customers, more than doubling its base in a year, making it the ninth-largest U.S. video distributor after the six biggest cable operators and two satellite providers.
The FiOS network passed 12.7 million homes at the end of 2008 -- about 40% of the homes in Verizon's territories -- putting the company slightly ahead of plan on reaching 18 million homes passed by the end of 2010.
FYI...FiOS TV will surpass Bright House as the 6th largest Cable MSO in March or April. Additionally, Verizon appears to be on track to add 1.2 FiOS TV during 2009 and surpass Cablevision as the 5th largest Cable MSO. With recent franchise agreements reached with New York, Philadephia and Washington D.C., they should continue to take customers from Cable and DBS.
2007
1st Quarter 2007 added 141K for a total of 348k subscribers
2nd Quarter 2007 added 167k for a total of 515k subscribers
3rd Quarter 2007 added 202k for a total of 717k subscribers
4th Quarter 2007 added 226k for a total of 943K subscribers
2008
1st Quarter added 263k for a total of 1,206,000 subscribers
2nd Quarter added 176k for a total of 1,382,000 subscribers
3rd Quarter added 233k for a total of 1,615,000 subscribers
4th Quarter added 303k for a total of 1,918,000 subscribers
Telco Signs 303,000 TV and 282,000 FiOS Internet Subs In Q4
Verizon Communications added a record-high 303,000 FiOS TV subscribers in the last quarter of 2008, a data point that seemed to defy the fizzling economy, although the telco's legacy landline business continued to shrivel and sales in the enterprise services unit were hit harder than expected.
The telco ended the year with just over 1.9 million TV customers, more than doubling its base in a year, making it the ninth-largest U.S. video distributor after the six biggest cable operators and two satellite providers.
The FiOS network passed 12.7 million homes at the end of 2008 -- about 40% of the homes in Verizon's territories -- putting the company slightly ahead of plan on reaching 18 million homes passed by the end of 2010.
FYI...FiOS TV will surpass Bright House as the 6th largest Cable MSO in March or April. Additionally, Verizon appears to be on track to add 1.2 FiOS TV during 2009 and surpass Cablevision as the 5th largest Cable MSO. With recent franchise agreements reached with New York, Philadephia and Washington D.C., they should continue to take customers from Cable and DBS.
2007
1st Quarter 2007 added 141K for a total of 348k subscribers
2nd Quarter 2007 added 167k for a total of 515k subscribers
3rd Quarter 2007 added 202k for a total of 717k subscribers
4th Quarter 2007 added 226k for a total of 943K subscribers
2008
1st Quarter added 263k for a total of 1,206,000 subscribers
2nd Quarter added 176k for a total of 1,382,000 subscribers
3rd Quarter added 233k for a total of 1,615,000 subscribers
4th Quarter added 303k for a total of 1,918,000 subscribers
