Verizon reaches 35% FiOS TV penetration in Q3

Michelle Clancy | 18-10-2013

Verizon's third-quarter results turned up some good TV news: its FiOS business picked up a net 135,000 video subscribers the second quarter in a row it has boosted its net additions from the year earlier. The IPTV provider now has 5.2 million subscribers and is the No 5 pay-TV distributor, after Comcast, DirecTV, DISH and Time Warner Cable.

Verizon also now has 35% penetration of its market, which passes 18.3 million premises. The telco stopped new build-outs of the fibre-to-the-home service, citing poor margins, and is focused on picking up additional subs in its footprint.

Verizon said that it benefited from the lengthy TWC-CBS retransmission spat in the late summer it referred to it as "the dispute that happened" in the third quarter on the earnings call picking up an undisclosed number of subs as TWC customers in New York found their CBS and Showtime content blacked out.

FiOS revenue (TV and broadband) rose 13.4% to $2.8 billion during the quarter, which drove consumer wireline revenue up 4.3% to $3.7 billion. Consumer ARPU was up 8.7% year-over-year.