Verizon: 100K FiOS TV Subs
By Steve Donohue 9/27/2006 6:57:00 AM
Verizon finally detailed subscriber counts for its FiOS TV and FiOS Internet products Wednesday morning, saying that it expects to count 100,000 FiOS TV and 500,000 FiOS Internet subs by the end of the third quarter.
The company said it's been posting monthly churn rates of less than 1.5% for both products.
Verizon also predicted that it will count 4 million FiOS TV subs and 7 million FiOS Internet subscribers by 2010.
The telco, which debuted FiOS TV in Keller last September, said it'll pass 18 million premises with its fiber network by the end of 2010, or more than 50% of the 33 million households in its 28-state footprint. Based on those projections, the company aid that FiOS will generate positive operating income beginning in 2009.
Verizon said its goal is to penetrate 20% to 25% of the pay TV market with FiOS TV by 2010 - or 3 to 4 million FiOS subs based on projections that 15 million households will be video-ready by then.http://www.multichannel.com/article/...=Breaking+News