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Article: FiOS TV Growth Slows.(Verizon Communications Inc.)(Financial report)
- Article from:
- Multichannel News
- Article date:
- November 2, 2009
- Author:
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by Todd Spangler
Verizon Adds 191K Video Subs in 3rd Quarter, to 2.7M Total
After packing on 599,000 subscribers in the first half of 2009, Verizon Communications' FiOS TV slowed its growth rate in the third quarter, adding 191,000 video subscribers in the period to stand at 2.7 million overall.
The telco's net video additions of 191,000 for the quarter "were a clear disappointment versus consensus expectations of 253K, and were down 18.0% from last year and down 36.3% from the 300K additions in Q2, despite still aggressive promotions and advertising," Sanford Bernstein senior analyst Craig Moffett wrote in a research note.
Still, ...