Verizon FIOS video subscribers up 21,000 in 4Q 2016

Wireline: 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%