Verizon COO Lowell McAdam, who will soon take over as CEO for Ivan Seidelberg, hopes to pass 20 million homes in the next couple of years with its fiber-based FiOS triple-play service, up from its existing footprint of 16 million homes.
Verizon, which claims a subscriber base of 3.7 million FiOS TV and 4.3 million FiOS Internet customers, has slowed its rollout in the face of the economic recession, but it will soon turm that around, McAdam told a south Florida newspaper.
While the telco will continue to be cautious in its CAPEX spending, the rollout will get more aggressive as it adds more subscriptions to balance it out, he said.
Content and media company is not in ythe cards, even though its biggest regional rival, Comcast, is changing its business model with the NBCUniversal megamerger.
"That's not us," McAdam said. "I frankly don't want to have to deal with Charlie Sheen. We don't own sports teams for that same reason. We work with Disney, ABC, ESPN. But I don't feel the need to own any of them."
The footprint expansion news comes just days after a coalition of community leaders in Buffalo, N.Y. accused Verizon of focusing FiOS only on the affluent, white areas of the country.
The "Don't Bypass Buffalo" coalition notes that while consumers can purchase the FiOS triple play of Internet, television and telephone service in communities surrounding Buffalo, including Amherst, Tonawanda, Kenmore, Orchard Park, Lackawanna, West Seneca and Hamburg, so far the main city, has been left out in the cold-- a fact that Verizon spokespeople said was not going to change soon.
"Taken together, the surburban areas where Verizon has built are higher-income and have a lower percentage of Black or Latino residents than the City of Buffalo," reads a statement of the group, which includes government officials, community activists, unions and civil rights advocates.