FiOS TV Subs Jump in 1Q
Residential Access Lines Down, Broadband Connections Up
By Todd Spangler -- Multichannel News, 4/30/2007 7:17:00 AM
Verizon Communications said its video business accelerated in the first quarter with a net 141,000 new customers for FiOS TV, bringing the telco to a total of 348,000 subscribers at the end of the quarter.
According to Verizon, it averaged 2,200 net FiOS TV customers per day in the quarter, compared with 1,450 per day in the last three months of 2006.
FiOS TV was available for sale to 3.1 million homes as of March 31, in more than 400 communities in 10 states, giving the service a penetration rate of about 11%. That’s up from 9% penetration among 2.4 million homes passed at the end of 2006.
Verizon said it obtained 769 cable-TV franchises, covering about 10 million households, by the end of the first quarter.
Meanwhile, FiOS Internet was available for sale to 5.3 million premises by the end of the first quarter. Penetration for that service is 16%, compared with 14% of a 4.8 million-potential-customer base at year-end 2006.
Overall, Verizon's fiber-to-the-premises FiOS network passed a total of close to 6.8 million premises by the end of the first quarter of 2007. The company anticipated reaching 9 million homes passed by the end of the year.
Verizon’s primary residential-access-line business continued to decline, with a net loss of 408,000 lines in the quarter to 27 million (compared with 30.2 million a year ago). However, the telco said this was outpaced by a net addition of 416,000 broadband connections for the period, to a total of 7.4 million.
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