Monday, April 28, 2008

Verizon at 1.2M IPTV Subscribers

Verizon added 263 thousand IPTV subscribers in 1Q08 ending with a total of 1.206 million. It also ended the quarter with 1.803 million FiOS Internet subscribers, adding 262 thousand in the quarter. Verizon can now offer FiOS TV to 82 percent of the 7.9 million homes that the service passes. It believes that it is on track to attain its goal of 25 percent FiOS TV penetration and 35 to 40 percent FiOS Internet penetration.

Verizon's FiOS TV FTTH IPTV service continues to grow strongly. For the first time it added more IPTV subscribers during the quarter than Internet subscribers. This indicates that it is successfully upselling TV to Internet customers as the FiOS TV service becomes available.

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