Verizon Grows FiOS Base28 Apr, 2008 By: Chris Tribbey
Verizon added 263,000 new FiOS Internet TV subscribers during the first quarter of 2008, bringing its subscriber total to more than 1.2 million. Verizon now has 8.5 million total broadband customers.
The news came out of Verizon's first quarter (ended March 31) 2008 financial reports April 28.
“Verizon has weathered the current economic uncertainty with strong first quarter results,” said Verizon Chairman and CEO Ivan Seidenberg. “I am also confident of our position over the long term because we have further opportunities to drive revenue growth and further opportunities to eliminate costs.”
Verizon posted a 14% increase in revenues over the same period in 2007 to $4.3 billion, with total operating revenues growing 5.5% to $23.8 billion.