Verizon Adds 36,000 Fios Internet Subs in Q3 2019

  • Verizon FiOS

NEW YORK — Verizon Communications reported 36,000 Fios internet net additions resulting in total Fios revenue growth of 2.3 percent year over year, according to its 3Q 2019 report.

Fios Consumer Report

In third-quarter 2019, Verizon Consumer Group reported 30,000 Fios internet net additions and 67,000 Fios Video net losses, reflecting the ongoing shift from traditional linear video to over-the-top offerings. Consumer Fios revenues increased by 1.7 percent, primarily due to the demand for broadband offerings.

"Verizon continued its momentum in the third quarter by driving strong wireless volumes in both our Consumer and Business segments, while delivering solid financial results, highlighted by continued wireless service revenue growth, increased cash flow, and EPS growth," said Chairman and CEO Hans Vestberg. "We are focused on our 5G rollout strategy, looking to deploy next-generation networks while enhancing our industry-leading 4G LTE network. Going into the fourth quarter, we are energized by the strong performance of the business and we are confident in our strategy to drive value for our customers and growth for our shareholders."

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