FiOS Customer Growth Accelerates

October 27, 2008


Verizon is accelerating the rollout of its FiOS TV service.

In the third quarter of 2008, the company added 233,000 net new FiOS TV customers, compared with 176,000 in the second quarter of 2008.

It now boasts 1.6 million FiOS YV customers, more than double the 700,000 at the end of the third quarter of 2007. FiOS TV penetration is now at 19.7 percent of Verizon’s footprint, (up from 15.2 percent a year ago.) The service is now available to 8.2 million households.

Verizon also added 225,000 net new FiOS Internet customers, compared with 187,000 in the second quarter of 2008. It now has 2.2 million FiOS Internet customers, compared with 1.3 million FiOS Internet customers at the end of Q3 2007. Internet penetration increased to 24.2 percent (up from 20 percent a year ago.

Broadband and video revenues from non-business customers was $1.1 billion for the quarter, a 45.3 percent from a year ago.

Verizon said earlier this year it planned to spend $23 billion between 2004 and 2010 to pass 18 million homes.

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