Verizon's FiOS TV Customer Growth Slowed down lower in Third Quarter

NY - Telecom giant Verizon mentioned Friday that it's FiOS TV service is now offering 4 million clients, with 131,000 internet additions inside the third quarter. The client momentum inside the latest quarter was weakened than Wall Street experts had predicted using the organization mentioning a strike and bad weather as factors. It absolutely was also weakened in comparison to 184,000 internet additions inside the second quarter as well as the 204,000 additions inside the third quarter of 2010. Burns Tabak analyst David Joyce had forecasted 160,000 internet customer additions. And Barclays Capital analyst James Ratcliffe mentioned following a earnings think that FiOS TV internet adds showed up below his estimate of 181,000. The quarterly update came a following day of competitor AT&T had also reported weakened-than-forecasted TV customer growth, beginning off ear-rings season for pay TV entrepreneurs with less momentum than expected. Experts have predicted lower pay TV customer deficits inside the third in comparison towards the second quarter. But Verizon was bullish round the current fourth quarter. "While using clearing of FiOS installation backlogs triggered with the storms and strike, Verizon must include no less than 200,000 FiOS Internet and 200,000 FiOS TV clients in fourth quarter 2011," the business mentioned within the earnings report. Verizon added 138,000 FiOS broadband clients inside the third quarter, below Ratcliffe's 170,000 estimate minimizing 38.9 % around-ago period. The business lost 118,000 DSL clients though, for just about any internet gain of 20,000 broadband clients. Verizon mentioned it stood a total of 4.6 million FiOS broadband clients by Sept. 30. Email: Georg.Szalai@thr.com Twitter: @georgszalai Related Subjects Verizon Communications