Verizon ends 2012 with 4.7 million FiOS Video connections

NEW YORK – Verizon Communications Inc. (NYSE, Nasdaq: VZ) today reported strong customer and revenue growth in Verizon Wireless and Verizon FiOS services in fourth-quarter 2012.

Wireline Operational Highlights – video

Verizon added 144,000 net new FiOS Internet connections and 134,000 net new FiOS Video connections in fourth-quarter 2012. Verizon had a total of 5.4 million FiOS Internet and 4.7 million FiOS Video connections at the end of the quarter, representing year-over-year increases of 12.6 percent and 13.3 percent, respectively.

FiOS penetration (subscribers as a percentage of potential subscribers) continued to increase. FiOS Internet penetration was 37.3 percent at the end of fourth-quarter 2012, compared with 35.5 percent at the end of fourth-quarter 2011. In the same periods, FiOS Video penetration was 33.3 percent, compared with 31.5 percent. The FiOS network passed 17.6 million premises at year-end 2012.

FiOS Video Subscribers (‘000)

                       12/31/12  12/31/11  % Change
                       --------  --------  --------
Connections               4,726     4,173      13.3
Net Adds (3 months)         134       194    (30.9)
Net Adds (12 months)        553       701    (21.1)