FiOS, Wireless Help Verizon’s Healthy Q1
FiOS a drag on earnings for Verizon,,, but adoption strong
The discrepancy in headlines comes from the fact that Light Reading and Ars Technica are referencing two different aspects of FiOS. Light Reading is referring to subscriber uptake; Ars Technica to the cost of FiOS FTTH deployments. Put together, the earnings coverage sounds just a little schizophrenic, but here are a few of the compelling FiOS facts:
- 416,000 new FiOS broadband customers in Q1
- 141,000 new FiOS TV customers in Q1
- Ars Technica points out that despite subscriber additions, FiOS brought earnings down about 11 cents per share
Update: Broadband Daily (subscription required) makes reference to Verizon’s escalating Average Revenue Per User (ARPU) with FiOS. Not as high as cable, but headed in that direction.
