How Verizon Is Gaining Fios Internet Customers
Verizon (VZ) is managing the challenges of the pay-TV market by focusing on its Fios Internet offering in the wireline component. In the third quarter, Verizon added 54,000 Fios Internet customers as compared to 66,000 net additions in the year-ago quarter. However, the net gains in Fios Internet connections were partially offset by 52,000 net declines in high-speed Internet connections. As a result, total net broadband connections for Verizon increased by 2,000 in the third quarter.