Monday, July 30, 2007

Verizon FiOS TV Grows to 515,000 Subscribers

Verizon announced that is FiOS TV subscriber base grew to 515 thousand subscribers, adding 167 thousand subscribers in 2Q07. It added an average of 13 thousand new subscribers per week during the quarter. The company added 460 thousand FiOS TV customers over the previous 12 months.

By the end of the 2Q07, Verizon was offering FiOS TV to nearly 500 communities in 12 states. FiOS TV was available for sale to nearly 3.9 million premises by the end of the quarter, up from 3.1 million at the end of the first quarter. Penetration for the service is 13 percent across all markets, compared with 9 percent penetration against a 2.4 million potential customer
base at the end of 2006.

Verizon ended the quarter with 1.1 million FiOS Internet subscribers, adding 203 thousand subscribers in 2Q07. Its total broadband net adds during the quarter was 288 thousand, so FiOS accounted for 70 percent of its new broadband customers during the quarter.

Verizon's FiOS service passed 7.6 million premises at the end of 2Q07, which it stated was consistent with its year end target of 9 million. Its FiOS Internet service was available to 5.7 million subscribers at the end of the quarter. It achieved a penetration of 19 percent comparing to a penetration of 14 percent against 4.8 million premises at the end of 2006.

Verizon is making good progress with its FiOS FTTP and FiOS TV IPTV services. It is meeting its fiber deployment commitments and is getting strong support from its customers. Verizon is on is way to becoming one of the top three IPTV providers by the end of 2007 along with France Telecom and Free in France.

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