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Verizon tops one million FiOS TV customers

Indiantelevision.com Team

(2 February 2008 3:00 pm)

MUMBAI: US telecom major Verizon has announced that in less than 28 months, more than one million customers have chosen its FiOS TV service.

The company says that this makes it the 10th largest cable provider in the US. FiOS TV launched in September 2005.

Verizon Telecom president Virginia Ruesterholz says, "Some experts doubted that we could come this far this fast. We launched FiOS TV just 28 months ago in one Texas market. While we’re delighted to pass the one million milestone, we know that the real winners are our customers, who now have a genuine choice for their cable television service."

Verizon delivers FiOS TV, FiOS Internet and voice service on the nation’s most advanced fiber-optic network all the way to customers’ homes.

Verizon added 226,000 net FiOS TV customers in the fourth quarter and a total of 736,000 during the year to end 2007 with 943,000 FiOS TV customers. Including satellite TV customers served in partnership with DirecTV, Verizon has more than 1.8 million video customers.

At the end of the year, Verizon was marketing FiOS TV to nearly 5.9 million homes in 13 US states, up nearly 1.2 million from the end of the third quarter. That means Verizon’s penetration rate for the service at the end of 2007 averaged 16 per cent across all markets, particularly impressive since marketing has just begun in many communities. Verizon continues to add new town and city TV franchises every week to continually expand the number of customers who can order FiOS TV.