Verizon FIOS video subscribers up 21,000 in 4Q 2016
Tuesday, January 24th, 2017Wireline: 68,000 Fios Internet net additions, 21,000 Fios Video net additions; Fios total revenue growth of 4.4 percent
NEW YORK — As Verizon Communications Inc. (NYSE, Nasdaq: VZ) continues to transform its business and enter new markets, the company today reported another strong quarter of wireless profitability and customer loyalty, and customer and revenue growth for Fios fiber-optic services.
Wireline
In fourth-quarter 2016, Verizon added a net of 68,000 Fios Internet connections and 21,000 Fios Video connections. Customer demand for Custom TV continues to remain strong. At year-end, Verizon had 5.7 million Fios Internet connections and 4.7 million Fios Video connections.
Fios Video Connections
2015 2016 -------------------------- -------------------------- 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q ----- ----- ----- ----- ----- ----- ----- ----- Total ('000) 4,535 4,565 4,610 4,635 4,678 4,637 4,673 4,694 Net Adds ('000) 82 30 45 25 43 (41) 36 21 Penetration 35.8% 35.5% 35.4% 35.1% 35.0% 34.6% 34.5% 34.3%
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