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Verizon FiOS to Reach 10 Million U.S. Homes; Network Has Grown 50% in Last Year

April 29, 2009

Verizon’s fiber-optic TV service is nearing availability in 10 million U.S. homes, as it angles to become a serious competitor to cable and satellite systems.

That milestone represents 50% growth over where its Verizon FiOS network stood at this time last year. Subscribers total 2.2 million, including 299,000 people added in first quarter 2009.

Verizon projects it will reach availability in 18 million U.S. homes by 2010. On average, about one in four homes will sign up for Verizon FiOS once it spreads to their particular market, according to the company.

Although Verizon’s base is just a fraction of cable and satellite households—Comcast alone has notched more than 24 million subscribers—the company hopes to win over fans with its technology. Verizon FiOS TV currently delivers 100 high-definition channels and 14,000 video-on-demand titles, 70% of which are free and more than 1,200 of which are in high-definition.

Click here for the rest of this April 29, 2009 article in Video Business.
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