Verizon adds 100,000 FiOS Video connections in 2Q 2014
Tuesday, July 22nd, 2014In second-quarter 2014, Verizon added 100,000 net new FiOS Video connections
- Verizon had a total of 5.4 million FiOS Video connections at the end of the second quarter, representing a year-over-year increases of 7.6 percent
NEW YORK – Verizon Communications Inc. (NYSE, Nasdaq: VZ) today reported its sixth consecutive quarter of double-digit percentage growth in operating income and earnings per share.
Wireline
In second-quarter 2014, Verizon added 139,000 net new FiOS Internet connections and 100,000 net new FiOS Video connections. Verizon had totals of 6.3 million FiOS Internet and 5.4 million FiOS Video connections at the end of the second quarter, representing year-over-year increases of 9.3 percent and 7.6 percent, respectively.
FiOS Internet penetration (subscribers as a percentage of potential subscribers) was 40.1 percent at the end of second-quarter 2014, compared with 38.6 percent at the end of second-quarter 2013. In the same periods, FiOS Video penetration was 35.3 percent, compared with 34.5 percent. The FiOS network passed 19.3 million premises by the end of second-quarter 2014.
2012 2013 2014 ------------------- -------------------------- ------------ 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q ----- ----- ----- ----- ----- ----- ----- ----- ----- FiOS Video Subscribers Connections ('000) 4,473 4,592 4,726 4,895 5,035 5,170 5,262 5,319 5,419 Net Add Detail ('000) 120 119 134 169 140 135 92 57 100 FiOS Video penetration 32.6% 32.9% 33.3% 34.1% 34.5% 34.9% 35.0% 35.0% 35.3%
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