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Verizon Earnings: 4.3 Million FiOS Users
As DSL Subscribers Continue to Decline
Verizon has unveiled their first quarter earnings, which indicate the company saw a earnings of $1.44 billion on revenues of $26.99 billion. According to the company, they added 906,000 contract subscribers, slightly more than the quarter before but well ahead of AT&T's 62,000 subscribers announced yesterday. According to Verizon, the company also added 207,000 net FiOS Internet and 192,000 net FiOS TV additions, bringing their totals to 4.3 million FiOS Internet connections and 3.7 million total FiOS TV connections. Like AT&T, because of un-upgraded DSL markets, Verizon actually only saw a net increase of 98,000 broadband connections from last quarter as customers in un-upgraded markets get lured away by faster speeds and the cable triple play. Landline revenues also continued to decline, and Verizon notes their wireline workforce is 16,000 employees lighter than it was last year at this time.
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fifty nine
join:2002-09-25
Sussex, NJ
kudos:2

fifty nine

Member

Where do those DSL subs go

Since Verizon hasn't rolled out FiOS to all of its areas, the DSL subs are likely going to competitors.
openbox9
Premium Member
join:2004-01-26
Springfield, VA
kudos:2

openbox9

Premium Member

Re: Where do those DSL subs go

Karl did suggest cable triple play offerings

wdoa
join:2001-10-16
Spencer, MA
·Charter
·Verizon Online DSL

wdoa

Member

shrinking footprint

So basically what is happening is Verizon is slowly but surely moving towards getting out of the landline/DSL business. The company in the future will only be providing Cellphone/Wireless service and FIOS, however the FIOS offerings will only be available to a small percentage of their old landline footprint. Basically surrendering those Non-FIOS areas to the cable companies.
sgip2000
join:2004-05-05
Hillsboro, OR

sgip2000

Member

Re: shrinking footprint

said by wdoa:

So basically what is happening is Verizon is slowly but surely moving towards getting out of the landline/DSL business. The company in the future will only be providing Cellphone/Wireless service and FIOS, however the FIOS offerings will only be available to a small percentage of their old landline footprint. Basically surrendering those Non-FIOS areas to the cable companies.

And poorly run companies like Frontier.
openbox9
Premium Member
join:2004-01-26
Springfield, VA
kudos:2

openbox9 to wdoa

Premium Member

to wdoa
said by wdoa:

Basically surrendering those Non-FIOS areas to the cable companies.

Or pick up its FTTH build once TV take rates are sufficient. Or, sell of the remaining unwanted markets to even more streamline its business.

N3OGH
Yo Soy Col. "Bat" Guano
Premium Member
join:2003-11-11
Philly burbs
kudos:2

N3OGH to wdoa

Premium Member

to wdoa
That's what it sounds like.

My guess is the goal is to spin off the copper plants in low population density areas, and concentrate on the areas they can make a buck off installing running Fios.

With the maintenance costs and regulatory issues that come with running a ILEC, I can't say I blame them. There's no real money to be made running an ILEC copper plant any more. Verizon can't complete with cable operators in semi rural areas given the limitations of DSL. Kind of a "strategic withdrawal" if you will....
--
Petty people are disproportionally corrupted by petty power
Sammer
join:2005-12-22
Canonsburg, PA

Sammer to wdoa

Member

to wdoa
said by wdoa:

The company in the future will only be providing Cellphone/Wireless service and FIOS, however the FIOS offerings will only be available to a small percentage of their old landline footprint.

It may be a small percentage geographically but by the time they finish putting FiOS in the large cities such as Philadelphia and New York City it will be where about 25% of the population of their former footprint lives.
jophan
Premium Member
join:2009-07-12
Jenkintown, PA

jophan

Premium Member

Re: shrinking footprint

No, it's already well over 25% even before finishing NYC and Philly.
»Verizon Adds 197,000 FiOS Users In Q4
"As of the end of 2010, FiOS passes 15.6 million homes, or about 60% of Verizon's network footprint after the Frontier deal."

anuragbhatia0
join:2010-03-28

anuragbhatia0

Member

Verion LTE will catch a lot of "rest"

Essentially they won't loose all towards cable companies. I think their prime focus now is LTE + FiOS.

FiOS will be surely in very small footprint but LTE coverage will be quite high and considering real world speeds of 8-10Mbps on LTE, it makes it a good alternate of DSL in low demand areas.

(and yes 5GB cap is crap. I hope they will put it to 50GB sooner or later).
diz17
join:2010-11-17
USA

diz17

Member

Shouldn't have stopped buildouts

Unfortunatley for VZ they're going to continue to lose copper customers. Yes FiOS was an expensive investment but it seems to be paying off, after all the most expensive parts were the data centers and VHOs, they should keep on building out to keep up the pressure on the cable companies and prevent copper losses from being total losses.
FloridaBoy
join:2009-06-22
Bradenton, FL

FloridaBoy

Member

Re: Shouldn't have stopped buildouts

But could they pay for Fios and upgrades to LTE at the same time??

Since Vodafone has a large interest in VZ Wireless, maybe LTE was moved to the forefront at their behest.

mob
On the next level..
Premium Member
join:2000-10-07
San Jose, CA
·SureWest Internet

mob

Premium Member

Re: Shouldn't have stopped buildouts

said by FloridaBoy:

But could they pay for Fios and upgrades to LTE at the same time??

Since Vodafone has a large interest in VZ Wireless, maybe LTE was moved to the forefront at their behest.

The wireless network is worthless without way to get that data to and from the towers and base stations. Verizon needed to upgrade their fiber network to handle the increased traffic from wireless data and LTE before either of those services would be worth a damn...
--
Ich habe kein Mitleid - Me
You're a daisy if you do. - Doc Holliday
And as always, have nice day.

guppy_fish
Premium Member
join:2003-12-09
Lakeland, FL
kudos:5

guppy_fish

Premium Member

Re: Shouldn't have stopped buildouts

Verizon is basically the internet in the US as they are the largest teir one provider and all cell towers are interconnected with fiber today. Expanding FIOS has nothing to due with the wireless side of the business
rahvin112
join:2002-05-24
Sandy, UT

rahvin112

Member

Re: Shouldn't have stopped buildouts

said by guppy_fish:

and all cell towers are interconnected with fiber today.

No they aren't. In rural areas towers are lucky to have a copper T1 or Microwave connection. No one is going to run a brand new fiber line to rural cell tower 100 miles from the closest city.
watice
join:2008-11-01
New York, NY

watice to mob

Member

to mob
Just because VZ doesn't invest heavily to provide an entire area with FIOS doesn't mean they won't be investing to upgrade towers lines for LTE. I guess it doesn't mean they will either, but VZ seems to be smart enough to know better.

Alcohol
Premium Member
join:2003-05-26
Climax, MI
kudos:4

Alcohol to FloridaBoy

Premium Member

to FloridaBoy
said by FloridaBoy:

But could they pay for Fios and upgrades to LTE at the same time??

Since Vodafone has a large interest in VZ Wireless, maybe LTE was moved to the forefront at their behest.

Yes. Verizon has plenty of cash.
--
I found the key to success but somebody changed the lock.
tmc8080
join:2004-04-24
Brooklyn, NY
·ooma
·Optimum Online
·Verizon FiOS

tmc8080 to diz17

Member

to diz17
said by diz17:

Unfortunatley for VZ they're going to continue to lose copper customers. Yes FiOS was an expensive investment but it seems to be paying off, after all the most expensive parts were the data centers and VHOs, they should keep on building out to keep up the pressure on the cable companies and prevent copper losses from being total losses.

While the Southern footprint of the US will not see new Verizon builds (99% certain), parts of NY (Upstate, North-Western NY) and NJ will see restored buildouts-- and on an "AS NEEDED" basis for PA (where Comcast gets off their ass and decides to compete with REAL BROADBAND)

jaa
Premium Member
join:2000-06-13
kudos:3
·Vonage
·Optimum Online

jaa to diz17

Premium Member

to diz17
It is criminal they stopped their buildouts, and reduced their workforce by 16,000. I can understand doing the buildout with their existing workforce levels, but shrinking??

Any area that gave them a TV franchise based on their promise to buildout and cover the entire geography should pull it the second they do not meet the deadline. They have no excuse - they are printing money, and firing workers.

Everywhere else the pols should be screaming bloody murder. The lack of broadband competition is mostly Verizon's fault - they are supposed to be the alternative to Cable, and in many areas they have no broadband offering, or a really crappy DSL offering.

Maybe require them to provide 5/5 Verizon Wireless 4G LTE service with unlimited data usage for $50/mo where they don't have at least a 5/1 offering available?
--
NOTHING justifies terrorism. We don't negotiate with terrorists. Those that support terrorists are terrorists.

ggma1126
GGMA1126
Premium Member
join:2008-08-30
Claymont, DE

ggma1126 to diz17

Premium Member

to diz17
I remember when what is now Comcast first wire south philadelphia in PA - only 1/2 of area was wired if you lived on one side of Broad St you couldn't get you had to live west of broad st in order to get cable - it was a couple of years before all of the area was wired for cable so what makes Verizon so different in how they are wiring for Fios ? Just saying - no company moving into a new area is going to do the whole area at once - JMO
--
Delaware Verizon Fios
Droid X

jaa
Premium Member
join:2000-06-13
kudos:3
·Vonage
·Optimum Online

jaa

Premium Member

Re: Shouldn't have stopped buildouts

said by ggma1126:

IJust saying - no company moving into a new area is going to do the whole area at once - JMO

Of course not, but they should be working on it. When they were given the franchise, it should have included a date by which they would be serving the entire area. All I'm saying is no extensions. Reducing their workforce by 16,000 and stopping the rollout is not "best efforts" on the buildout.
--
NOTHING justifies terrorism. We don't negotiate with terrorists. Those that support terrorists are terrorists.
majortom1029
join:2006-10-19
Lindenhurst, NY
kudos:1

majortom1029

Member

hmm

I do not understand verizon. I live on long island and verizon still will not roll out fios in my area. I cannot even get dsl from them. I cannot even get satellite either. Verizon is leaving whole chunks of the area to cablevision.

JigglyWiggly
join:2009-07-12
Pleasanton, CA

JigglyWiggly

Member

Re: hmm

Hey, get FIOS in my area and I'll love you long time
fioseller
join:2007-08-31
Lindenhurst, NY

fioseller to majortom1029

Member

to majortom1029
I'm in North Lindy and I have it, where are you?
PX Eliezer70
Premium Member
join:2008-08-09
Hutt River
kudos:13

PX Eliezer70 to majortom1029

Premium Member

to majortom1029
I live in a prosperous town in Monmouth County, New Jersey.

Verizon wired half the town for FiOS, then just left.

I am not a lover of Cablevision/Optimum, but at least THEY serve the whole town. Without them, I would not have broadband internet service at all.

We can't get Verizon DSL (HSI) either. Even though I am in the heart of town, near the town hall and post office, Verizon's "switch" is too far away.

It's just wrong of Verizon to apply for permission (franchises) to build FiOS in particular towns and cities, then get bored/tired after doing only a partial job, and quitting.

They just walked away, like Sarah Palin did from her job.

----------------------------------

Houses not in FiOS territory will also suffer decreased real estate value.

Already around here, realtors are advertising certain houses as being in FiOS areas.

jaa
Premium Member
join:2000-06-13
kudos:3
·Vonage
·Optimum Online

jaa

Premium Member

Re: Morally wrong.

said by PX Eliezer70:

Verizon wired half the town for FiOS, then just left.

They are having a hard time finding people to do the buildout. Oh wait - they reduced their workforce by 16,000 and there is high unemployment. Looks like they are just giving the finger to your town.

They should take the TV franchise away from them if they don't meet their commitment on making TV available to the whole town - assuming your town had the sense to make that a requirement.

My guess is Verizon spread a lot of money around and got sweetheart franchise deals from the politicians.

--
NOTHING justifies terrorism. We don't negotiate with terrorists. Those that support terrorists are terrorists.

MerinX
Crunching for Cures
Premium Member
join:2011-02-03
kudos:1
·Shaw
·TELUS

MerinX

Premium Member

Bring fios to canada!

In my dreams Canada would allow real competition and fios could easily gobble up consumers from bell/rogers/teksavvy in east Canada with ez.

Canadian UBB makes fios far cheaper for a better service....
--
Can you BOINC it?!?

Jackarino
Premium Member
join:2006-12-28
Allendale, NJ
kudos:1

Jackarino

Premium Member

New customers coming from

Most of those new customers are coming from Cablevision

jaa
Premium Member
join:2000-06-13
kudos:3

1 edit

jaa

Premium Member

Re: New customers coming from

Nope - CV continues to add high-speed internet customers. If Verizon is taking them from CV, CV is growing the broadband market, taking back FiOS customers, and taking DSL customers.

ITALIAN926
join:2003-08-16
kudos:2

ITALIAN926

Member

Re: New customers coming from

Cmon , read the net adds for these companies every quarter, Verizon is absolutely taking customers away from Cablevision. Mainly because CV sucks.

A VZ TECH
@verizon.net

A VZ TECH

Anon

The Copper Plant

Working in NYC, all I can say, that the amount of work in NY/NJ is not going anyway anytime soon. There's a back log of copper pots/dsl lines Installations out there, even where Fios is aviable.

jaa
Premium Member
join:2000-06-13
kudos:3
·Vonage
·Optimum Online

jaa

Premium Member

Re: The Copper Plant

said by A VZ TECH :

Working in NYC, all I can say, that the amount of work in NY/NJ is not going anyway anytime soon. There's a back log of copper pots/dsl lines Installations out there, even where Fios is aviable.

Of course not. With the workforce reduced by 16,000 they are ensuring that even with the reduced amount of work they will continue to have a long backlog and delayed installations - ensuring they live up to their notoriously-poor customer responsiveness.
--
NOTHING justifies terrorism. We don't negotiate with terrorists. Those that support terrorists are terrorists.

batterup
I Can Not Tell A Lie.
Premium Member
join:2003-02-06
Netcong, NJ

batterup

Premium Member

How much tax does municipal FTTP pay?

"The effective income tax rate attributable to Verizon for the first quarter was 30 percent."

jaa
Premium Member
join:2000-06-13
kudos:3
·Vonage
·Optimum Online

jaa

Premium Member

Re: How much tax does municipal FTTP pay?

said by batterup:

"The effective income tax rate attributable to Verizon for the first quarter was 30 percent."

Woo-HOO!! That is a whopping 1.6 cents out of every dollar paid to them by hard working people and businesses. They probably spend more money than that voluntarily greasing the palms of politicians.
--
NOTHING justifies terrorism. We don't negotiate with terrorists. Those that support terrorists are terrorists.

batterup
I Can Not Tell A Lie.
Premium Member
join:2003-02-06
Netcong, NJ

batterup

Premium Member

Re: How much tax does municipal FTTP pay?

said by jaa:

said by batterup:

"The effective income tax rate attributable to Verizon for the first quarter was 30 percent."

Woo-HOO!! That is a whopping 1.6 cents out of every dollar paid to them by hard working people and businesses.

As I understand it Verizon paid more than 30 cents out of every taxable dollar they made; even the dollars they made being the "collector" for the guy hustling ring tones to kids.
quote:
How to Calculate Effective Income Tax Rates
»www.ehow.com/how_6763579 ··· tes.html

Oh BTW my prime time DSL speeds are now full advertised speed. Some guy in Maryland pushed a few buttons on his computer and put me on bigger tubes.



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