Verizon adds 153,000 FiOS TV customers in 4Q09

Tuesday, January 26th, 2010
Verizon logo

Verizon Communications Inc. (NYSE:VZ) today reported continued strong cash flow in the fourth quarter 2009, fueled by quarterly growth in strategic areas. Verizon Wireless added a net of 2.2 million total customers, including 1.2 million retail customers, and reported increased data revenue. Verizon’s wireline operations posted customer and revenue gains in FiOS broadband services and increased sales of strategic business services.

Continued Growth in Consumer Broadband and Video

In wireline, Verizon posted another consecutive quarter of gains in the number of customers using fiber-optic-based FiOS Internet and FiOS TV services. In consumer markets served by Verizon’s wireline network, increased revenues from broadband and video services again helped produce overall revenue growth, as well as ARPU growth. In the fourth quarter:

  • Verizon added 153,000 net new FiOS Internet customers. The company served 3.4 million FiOS Internet customers by the end of the quarter, a 38.4 percent year-over-year increase.
  • FiOS Internet penetration (customers as a percentage of potential customers) was 28.1 percent by the end of the fourth quarter, with the product available for sale to 12.2 million premises. This compares with a 24.9 percent penetration and 10.0 million premises open for sale at the end of the fourth quarter 2008.
  • Verizon also added 153,000 net new FiOS TV customers and served 2.9 million FiOS TV customers by the end of the quarter, a 49.2 percent year-over-year increase.
  • FiOS TV penetration was 24.5 percent by the end of the fourth quarter, with the product available for sale to 11.7 million premises. This compares with a 20.8 percent penetration and 9.2 million premises open for sale at the end of the fourth quarter 2008.

FiOS TV Subscribers (000):

                                     2008                        2009
               --------------------------  --------------------------
               1st Q  2nd Q  3rd Q  4th Q  1st Q  2nd Q  3rd Q  4th Q
               -----  -----  -----  -----  -----  -----  -----  -----
Quarter End    1,206  1,382  1,615  1,918  2,217  2,517  2,708  2,861
Quarter Adds     263    176    233    303    299    300    191    153

More: Earnings Release