Verizon adds 168,000 FiOS TV customers in 1Q10

Verizon Communications Inc. (NYSE, NASDAQ:VZ) today reported continued strong cash flow growth in the first quarter of 2010, with steady customer and revenue gains for FiOS and Verizon Wireless services, and growth in sales of strategic services and equipment in business markets.

Continued Strong Customer Demand for FiOS

Customer demand remained strong for broadband and video services provided over Verizon’s domestic wireline network and for advanced communications and related business services provided over Verizon’s global IP (Internet Protocol) network. In the first quarter of 2010:

Verizon added 185,000 net new FiOS Internet customers and 168,000 net new FiOS TV customers. Verizon has posted consecutive quarterly gains in the number of customers using fiber-optic-based FiOS services since FiOS Internet was introduced in 2004, and by the end of the quarter had 3.6 million FiOS Internet and 3.0 million FiOS TV customers.

FiOS TV penetration was 25.2 percent by the end of the quarter, with the product available for sale to 12.0 million premises. This compares with 22.9 percent and 9.7 million, respectively, in first-quarter 2009.

FiOS TV Subscribers (000):

                                     2008                        2009   2010
               --------------------------  --------------------------  -----
               1st Q  2nd Q  3rd Q  4th Q  1st Q  2nd Q  3rd Q  4th Q  1st Q
               -----  -----  -----  -----  -----  -----  -----  -----  -----
Quarter End    1,206  1,382  1,615  1,918  2,217  2,517  2,708  2,861  3,029
Quarter Adds     263    176    233    303    299    300    191    153    168

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