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Verizon unveils “optionality” TV strategy over heavy TV subs loss

Verizon spouted all manner of nonsense to mask a disappointing set of full year 2018 results overall, underscoring a calamitous period for the US operator in video – despite proclaiming to be bang on the money with current trends. Verizon wouldn’t know a TV trend if one slapped it in the face. Fios Video lost 46,000 subscribers in the fourth quarter to tally a total 2018 loss of 168,000 TV subs, signing off its second highest quarterly video subscriber loss, beaten only by Q3 2018’s disastrous 63,000 decline. Verizon now has 4.45 million Fios video connections and nowhere to go. “We see the trends,” said CEO Hans Vestberg on the company’s earnings call this week, identifying only the most obvious…

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