Verizon Adds 194,000 FiOS Video Subs24 Jan, 2012 By: Erik Gruenwedel
Verizon Communications Jan. 24 said it added 201,000 net new fiber-optic Internet (FiOS) connections in U.S. homes in the fourth quarter (ended Dec. 31), including 194,000 video subscribers.
The video additions bucked a trend among cable and satellite-TV operators that has seen hundreds of thousands of video subscribers downsize or eliminate premium pay-TV channels from their monthly bill due to the economy and lower-priced alternatives such as Netflix and Hulu, among others.
Verizon said it had 4.8 million FiOS Internet and 4.2 million FiOS video connections at the end of 2011. The average FiOS video subscriber’s monthly bill was $96.43 in Q4, up 8.5% from the same period in 2010.
FiOS penetration (subscribers as a percentage of potential subscribers) continued to increase in the quarter. FiOS Internet penetration was 35.5% at year-end 2011, compared with 31.9% at year-end 2010. In the same periods, FiOS video penetration was 31.5%, compared with 28% percent, respectively. The FiOS network passed 16.5 million homes at year-end 2011, up more than 900,000 from year-end 2010.