Monday, October 27, 2008

Verizon Adds 233K IPTV Subscribers in 3Q08

The growth of Verizon's FiOS TV IPTV service resumed its historic rates adding 233,000 in 3Q08 giving the company a total of 1.615 million subscribers. Verizon increased the number of homes that could order FiOS TV by 1.2 million, giving a total of 8.2 million by the end of the quarter. Its FiOS TV sales penetration is at 19.7 percent. Verizon said that it had effective promotions during the quarter.

The number of new FiOS broadband subscribers increased to 225,000 in 3Q08 giving a total of 2.199 million. Its total number of broadband subscribers increased by 129,000 to 8.459 million at the end of 3Q08. The FiOS sales penetration is at 24.2 percent of the 9.1 million homes that it can serve. Its over all FiOS ARPU is $130.

Verizon's FiOS is on a strong growth curve. I expect that this growth will slow down in 4Q08 due to the current financial crisis.

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