Verizon adds 100,000 FiOS Video connections in 2Q 2014

Tuesday, July 22nd, 2014
Verizon logo

In 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%