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FiOS TV Passes Million Subscriber Mark
Verizon earnings: 8.2 million broadband customers served...
by Karl Bode 08:59AM Monday Jan 28 2008
Verizon this morning posted their fourth quarter earnings, which indicate the company added 264,000 net new broadband subscribers last quarter, 245,000 of which were FiOS. The company says they added 226,000 FiOS TV customers, and their TV total now exceeds one million. The company now serves over 8.2 million DSL & FTTH customers. Verizon Wireless continued to drive profits, and now serves 65.7 million subscribers.

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supergirl

join:2007-03-20
Pensacola, FL

Lot of Millions Served to Go

For the $110 billion investment.

They need to triple that number this year.
cornelius785

join:2006-10-26
Worcester, MA

1 recommendation

Re: Lot of Millions Served to Go

any particular reason why you say they need to triple the number? the $110 billion is being made up from FIOS, phone, and TV, not just TV. it also doesn't seem like verizon has money issues, judging on the earnings history and isn't being forseen in the estimates for future quarters.

battleop

join:2005-09-28
00000

1 recommendation

Re: Lot of Millions Served to Go

What supergirl is really saying is that she wants FIOS.

dvd536
as Mr. Pink as they come
Premium
join:2001-04-27
Phoenix, AZ
kudos:4

Re: Lot of Millions Served to Go

said by battleop:

What supergirl is really saying is that she wants FIOS.
everyone wants fios. sucks if you're in a qwest/ATT area.MDU also
--
You can never be too rich, too thin or have too much Bandwidth

supergirl

join:2007-03-20
Pensacola, FL
226,000 net new FiOS TV customers, 943,000 total FiOS TV customers at year-end; Verizon now has more than 1 million FiOS TV customers.
264,000 net new broadband connections, including 245,000 net new FiOS Internet customers; 8.2 million total broadband connections, up 17.9 percent from year-end 2006.
25.1 percent increase in revenues from strategic services at Verizon Business.
»newscenter.verizon.com/press-rel···ear.html

Well, they have at least 1,000,000 FIOS HSI customers since FIOS TV is that much but they need to have triple that number by year's end. $17.5 billion in 2007 capital expenditures is a lot for a company with $93.5 billion in total 2007 revenues, up 6.0 percent from 2006; up 6.1 percent on an adjusted basis.

If they are going to continue justifying FIOS, they need to get more customers. 1 million out of 65.7 million total customers is not that great.

Note: I own the stock and would like to see bigger FIOS numbers. It'll also get the Cable COs to expand their capital investments. FIOS is good for the entire industry since it shows what guts can do but won't if they can't sell it.
--
Saving the world keeps me busy. However, I find Earth very primitive from my home planet of Krypton.
-Supergirl

BroadbandAccess

@umusic.com

Re: Lot of Millions Served to Go

Verizon doesn't have 65.7 million customers. You are confusing them with Verizon Wireless.

Verizon has around 40.1 million landline customers as of today. Most of these customers are in range of lower speed DSL.

The true value of FiOS is achieved when customers subscribe to triple of quadriple play packages consisting of VOIP, TV and HSI. Add wireless to the mix and they love you even more.
BosstonesOwn

join:2002-12-15
Wakefield, MA
Reviews:
·Verizon FiOS

Re: Lot of Millions Served to Go

You beat me to it

Id kill to give Verizon all 4. I want too , they just haven't gotten to my area yet.
--
"It's always funny until someone gets hurt......and then it's absolutely friggin' hysterical!"
proletarian2

join:2007-01-08
00000
said by BroadbandAccess :

The true value of FiOS is achieved when customers subscribe to triple of quadriple play packages consisting of VOIP, TV and HSI. Add wireless to the mix and they love you even more.
What VoIP? Verizon's VoiceWing is a branded third party product.

Phone service over FiOS is POTS. Been one of the most beaten horses around here for the last few years.
tmc8080

join:2004-04-24
Brooklyn, NY
Reviews:
·ooma
·Optimum Online
·Verizon FiOS
said by supergirl:

For the $110 billion investment.

They need to triple that number this year.
Yeah, not when they raised just about every service price going...! Mandatory bundling and contracts are the norm.. if anything they might see net churn sooner rather than later. Another thing, they can stick that free hdtv for a 2 year contract where the sun... err... you know
Ahrenl

join:2004-10-26
North Andover, MA

Re: Lot of Millions Served to Go

I'd take it, and plan to. Since my only other choice is switching back to Comcast. 2yr contracts are short money when you have kids. 2yrs goes by in like 10mins.
patcat88

join:2002-04-05
Jamaica, NY
kudos:1

haha

quote:
The company now serves over 8.2 million DSL & FTTH customers.
Fudging numbers. Hahahahah. What I want to know is, how many subscribers does FIOS PASS (I belive the word "serve" means a person is a customer of FIOS/pays $). And how many subscribers does Verizon pass on Landline service?

This computes an easy number, what % of living Verizon can get FIOS. I want to know the number.

Cobra9777
Pain Is Just Weakness Leaving The Body

join:2002-09-28
Denton, TX

Re: haha

said by patcat88:

quote:
The company now serves over 8.2 million DSL & FTTH customers.
Fudging numbers. Hahahahah. What I want to know is, how many subscribers does FIOS PASS (I belive the word "serve" means a person is a customer of FIOS/pays $). And how many subscribers does Verizon pass on Landline service?

This computes an easy number, what % of living Verizon can get FIOS. I want to know the number.
Read further in the press release... all the FiOS numbers are there, including number passed, number with internet available, number with TV available, and penetration% for each.

The FiOS internet penetration number seems surprisingly low at 20.6% of people who have it available to them. Not sure what the other other 80% are thinking?

The TV penetration number seems to have picked up quite a bit at 16%. I seem to recall this figure was 6-8% maybe 6 months ago.

88615298
Premium
join:2004-07-28
West Tenness

Re: haha

said by Cobra9777:

The FiOS internet penetration number seems surprisingly low at 20.6% of people who have it available to them. Not sure what the other other 80% are thinking?
because people are ignorant. besides when cable starts instituting it's caps I'm sure that % will pick up greatly.

Dogfather
Premium
join:2007-12-26
Laguna Hills, CA

Re: haha

I can get FiOS but don't want it (yet), especially with the rate that Verizon is raising FiOS prices.

In my case FiOS is already more expensive than the same services (triple play plus extra hardware) I get from Time Warner. If TWC institutes these 5-40GB bit caps and the price flips I'll switch. Until then I'll stay where I am getting more product for less money.
BosstonesOwn

join:2002-12-15
Wakefield, MA
Reviews:
·Verizon FiOS

Re: haha

But , the question is , does it cost less then your current options. For me it is. I would gladly pay but the buggers aren't here yet.
--
"It's always funny until someone gets hurt......and then it's absolutely friggin' hysterical!"
TheWiseGuy
Dog And Butterfly
Premium,MVM
join:2002-07-04
East Stroudsburg, PA
kudos:3
Reviews:
·Optimum Online
said by Cobra9777:

The FiOS internet penetration number seems surprisingly low at 20.6% of people who have it available to them. Not sure what the other other 80% are thinking?
Because the majority of people are not high bandwidth users. They are satisfied with their Internet service, it does everything they want. Changing involves an install and the risk (as with any change) that the new service has problems that need to be dealt with to fix. (ie if it ain't broke don't fix it.)
--
Warning, If you post nonsense and use misinformation and are here to argue based on those methods, you will be put on ignore.
patcat88

join:2002-04-05
Jamaica, NY
kudos:1

Re: haha

Yep, I have 2 computer geeks that can get FIOS, but dont, mostly cost and "whats the point? if its not broken, don't fix it". I give up arguing with them after the cost aspect and trouble of convincing family.
patcat88

join:2002-04-05
Jamaica, NY
kudos:1
Total number of landline houses isn't listed there, or in the 10-K. Got a statistic here »www.tvover.net/2006/09/27/Verizo···ars.aspx
. "approximately 33 million households in the company's 28-state wireline service area" »newscenter.verizon.com/press-rel···ear.html "
Verizon's broadband fiber-to-the-premises network, which delivers FiOS Internet and FiOS TV services to customers, passed more than 9.3 million premises by year-end."

Some quick math (1/(33 / 9.3) = 0.281818182), and as of Q4 2007, %28 of Verizon landline can get FIOS. I guess 1 out of 4 means this isn't a "test" deployment anymore. I won't happy until it reaches the upper low 40s, since thats close to approaching 1/2 of everyone who will get it, can get it.

The other question is, as Verizon reaches the 60s-90s, what happens in/to rural areas/very low density? Will Verizon sell off landline copper to a Fairpoint clone/SlumTel that provides minimum amount of services and maintence needed to not get sued by Govt, and switch to being wireless and FTT Customer only? And if by the point where they sell their copper plant off, you don't have FIOS yet, it means you won't ever get it since Verizon "finished" converting to Fiber?
Nuts65

join:2006-04-27
Forest, OH

Re: haha

For the areas that you describe that Verizon servers, they're pretty close to being a SlumTel.

elbm

join:2000-08-03
Reisterstown, MD
said by patcat88:

quote:
The company now serves over 8.2 million DSL & FTTH customers.
Fudging numbers. Hahahahah. What I want to know is, how many subscribers does FIOS PASS (I belive the word "serve" means a person is a customer of FIOS/pays $).
Typical, read the headline..... read the financial report highlights the number is in there twice. Once as a number and second as homes passed/penetration.
bogey780

join:2004-03-19
Here
kudos:1

waiting for the inevitable

When people come in here and compare it to another service that's started a full year after FiOS TV did and is having similar numbers for each quarter since inception.
Lets Go

join:2005-03-05
Homer, NY

POTS line numbers

I would be interested to see how may POTS lines they lost in the last quarter. I looked through the press release but couldn't find the numbers.
--


njrichie

join:2001-04-13
Matawan, NJ

Re: POTS line numbers

Here is your answer which Verizon and this article omits out of the Press Release via the NY Times.

"The traditional telephone business was a different story. Verizon lost 10.6 percent of its residential lines in 2007. Over all, the total number of landlines, including business customers, fell to 41.4 million in 2007 from 45.1 million in 2006, a drop of 8.1 percent."

Now, its seems not so glowing report.

»www.nytimes.com/2008/01/29/techn···zon.html
Lenagainster

join:2005-01-07
Silver Spring, MD

triple play

Verizon is having so much success in selling their Triple Play at $99.99 per month that they had to raise it to $109.99. I'm waiting for it to hit $139.99 before I sign up
jammmin

join:2000-12-14
Upper Marlboro, MD

Re: triple play

Not entirely accurate.

For the $99 triple play, you don't get the free LCD TV and the internet is only 5/2

For the $109 triple play, you get the free TV and 15/2 internet.

Still a great deal for both.
Lenagainster

join:2005-01-07
Silver Spring, MD

Re: triple play

there are so many offers out there, it's confusing to say the least. And my memory isn't what it used to be. But my neighbors and I had both door to door salesmen and flyers in the mail touting the 19" LCD TV on the $99.99 deal. My son had signed up for that deal and Verizon screwed up his order. When he reapplied, they wanted to charge him the $109.99 rate and he balked, so they said they would honor the $99.99 deal. He told me that included bumping his speed (he already has FiOS Internet and TV) up to 15/2 from 5/2. I recently got another offer from Verizon (one of many) with the $109.99 deal, TV and all. Other states, other prices are quoted. Perhaps they quote different prices for Montgomery and PG Counties.

But the subtlety of my prior post was that prices seem to be going up rather than down to compete with Comcrap and DirecTV.
jammmin

join:2000-12-14
Upper Marlboro, MD

Re: triple play

said by Lenagainster:

there are so many offers out there, it's confusing to say the least. And my memory isn't what it used to be. But my neighbors and I had both door to door salesmen and flyers in the mail touting the 19" LCD TV on the $99.99 deal. My son had signed up for that deal and Verizon screwed up his order. When he reapplied, they wanted to charge him the $109.99 rate and he balked, so they said they would honor the $99.99 deal. He told me that included bumping his speed (he already has FiOS Internet and TV) up to 15/2 from 5/2. I recently got another offer from Verizon (one of many) with the $109.99 deal, TV and all. Other states, other prices are quoted. Perhaps they quote different prices for Montgomery and PG Counties.

But the subtlety of my prior post was that prices seem to be going up rather than down to compete with Comcrap and DirecTV.
What they did was change the offers. I still get mail for both the $99 offer and the $109 offer. Both are still available.