Verizon adds 5 millionth FiOS Video customer

Thursday, July 18th, 2013 
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140,000 FiOS Video net additions, including the addition of the 5 millionth FiOS Video customer

NEW YORK — Verizon Communications Inc. (NYSE, Nasdaq: VZ) today reported year-over-year double-digit percentage growth in operating income and earnings per share, as second-quarter 2013 results showed continued strong operating performance and customer demand for Verizon Wireless, FiOS and strategic enterprise services.

Verizon added 161,000 net new FiOS Internet connections and 140,000 net new FiOS Video connections in second-quarter 2013. Verizon had a total of 5.8 million FiOS Internet and 5.0 million FiOS Video connections at the end of the quarter, representing year-over-year increases of 12.2 percent and 12.6 percent, respectively.

FiOS penetration (subscribers as a percentage of potential subscribers) continued to increase. FiOS Internet penetration was 38.6 percent at the end of second-quarter 2013, compared with 36.6 percent at the end of second-quarter 2012. In the same periods, FiOS Video penetration was 34.5 percent, compared with 32.6 percent. The FiOS network passed 18.0 million premises by the end of second-quarter 2013.

FiOS Video Subscribers (‘000)

                     2011                        2012          2013
             ------------  --------------------------  ------------
                3Q     4Q     1Q     2Q     3Q     4Q     1Q     2Q
             -----  -----  -----  -----  -----  -----  -----  -----
Connections  3,979  4,173  4,353  4,473  4,592  4,726  4,895  5,035
Net Adds       131    194    180    120    119    134    169    140