Verizon posts 263K TV customer boost
Verizon Communications this week reported a 9.8% increase in profit for the first quarter of 2008. Verizon said net income totaled $1.64 billion, with revenue rising about 5.5%. Much of the growth came from Verizon Wireless, but Verizon FiOS TV service continue to be secondary source of strength. The telco reported that FiOS TV subscribers increased by 263,000 FiOS TV customers during the quarter, giving a total of about 1.2 million TV customers.
AT&T last week reported it had gained about 148,000 U-verse TV customers, so the two largest telcos won over more than 400,000 TV customers in the first three months of this year. That can't be good news for a cable TV industry that has been knocked around competitively by AT&T and Verizon since last year.
For more:
- see this story at The Wall Street Journal
- and this blog post at ZDNet.com
Related articles:
AT&T last week reported 148,000 new IPTV customers. AT&T report
Verizon hits 1 million FiOS subscriber mark Verizon report
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Comments
By Martin | Posted 11:57am | April 29, 2008
Is FIOS IP based? Although, it utilizes fiber to the home, I thought content was broadcasted. I believe AT&T's U-verse service is IP based, since they ultimately send data over copper wire.
By Anonymous | Posted 6:08pm | May 1, 2008
from what verizon has said,fios tv and fios net is thru the fiber optic cables that they paid billions for from corning and therefor internet is thru the fiber optics.i dont remember copper being that good since it can rust and corrode and become crap