Verizon Fios Revenue Grew 4.4 Percent in 2Q 2017

NEW YORK – In 2Q 2017 Verizon reported total Verizon Fios revenue growth of 4.4 percent, to $2.9 billion, comparing with Q2 2016. The report cited a growing shift in wireline revenues attributed to fiber-based products. Organic revenues from fiber-based products grew more than 3 percent.

In second-quarter 2017, Verizon added a net of 49,000 Fios Internet connections and lost a net of 15,000 Fios video connections. At the end of the quarter, Verizon had 5.7 million Fios internet connections and 4.7 million Fios video connections, year-over-year increases of 4.4 percent and 0.6 percent, respectively.

During second-quarter 2017, Verizon announced fiber purchase agreements with Corning and Prysmian to extend the company’s network lead and position the company to deliver new multiuse fiber services, including 5G, while complementing small-cell deployment. In June, Verizon and the city of Sacramento, Calif., announced a partnership to develop and deploy smart-city services. Verizon has begun previously announced pre-commercial 5G fixed-wireless broadband trials in 8 of 11 cities.