FiOS growth slows
Verizon’s FiOS ended 2009 with a comparatively sluggish quarter, adding 153,000 subscribers for both TV and Internet services. Verizon had 2.9 million FiOS TV customers as of the end of 2009, and 3.4 million FiOS Internet customers. Year to year, Verizon boosted FiOS TV subs by 49 per cent (with a 24.5 per cent penetration rate in the fourth quarter of 2009), and FiOS Internet subs by 38 per cent (with a 28.1 per cent penetration rate). But after adding 599,000 TV customers in the first half of the year, it added 344,000 in the last six months of 2009.
In the fourth quarter, total broadband and video revenues were $1.7 billion, a 25.5 per cent increase compared with the fourth quarter 2008. On the wireless front, Verizon Wireless — a joint venture with Vodafone — added 4.6 million retail net customers in the full year excluding acquisitions and adjustments, to stand at 87.5 million retail customers, an increase of 25 per cent year over year.