Verizon’s FiOS TV Enjoys Growth Spurt
June 20, 2007 12:27 PM
Much to the chagrin of cable operators, Verizon’s FiOS digital video service is picking up steam. At a conference in Chicago today the telco’s chairman, Ivan Seidenberg, said it has nearly half a million subscribers since its launch just 20 months ago.
When you think about it, that’s currently the size of a small cable MSO. Seidenberg says it will be available to 9 million homes by year’s end. Right now the service is available in 3 million homes, and with nearly half a million people already signing on, you have to acknowledge that it is indeed an impressive take rate.
And if those take rates prevail, by year’s end it could be as large, or larger, than some of the top 20 cable MSO’s. That should be an alarming wakeup call to cable because this competitor is rapidly gaining subs, probably winning them from cable. What can cable do to stymie Verizon’s growth? Nothing.