Verizon's FiOS TV added 141 thousand IPTV subscribers in the first quarter reaching a total of 348 thousand. It had 207 thousand IPTV subscribers at the end of 2006. Its FiOS TV penetration reached 11 percent, up from 9 percent at the end of 2006.
Verizon is adding nearly 2,200 FiOS TV subscribers to day, which is more than five times the 2,000 U-verse IPTV subscribers that ATT is adding per week. Verizon also added 78 thousand DirecTV satellite TV subscribers bringing its total satellite customers to 618 thousand.
Verizon added 177 thousand FiOS Internet subscribers and 416 thousand total broadband subscribers during the quarter. Verizon stated that nearly 60 percent of FiOS TV orders include Internet services. FiOS now accounts for 16 percent of Verizon's broadband customers.
Verizon's FiOS success story is continuing. This demonstrates the soundness of its fiber strategy. Take a look at the ATT posts in this blog from last week and the week before that showed that its IPTV subscribers grew from 3,000 to 15,000 during the first quarter. ATT's total was 18,000 in the middle of March.
ATT made much of its smarter FTTN strategy that required less investment than Verizon's FTTP approach. So far, it has not worked out that way.
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