Sunday, February 7, 2016

Cable TV will grow again as Verizon FiOS slows: report

"Verizon is approaching the end of its FiOS expansion"

Cable TV will grow again as Verizon FiOS slows: report

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"2009 was the peak year" for Verizon FiOS and AT&T U-Verse, which will now grow more slowly in their competition with Comcast, TimeWarner and other cable TV companies, writes Bernstein Research analyst Craig Moffett in a report to clients today.

Verizon and AT&T added over 2 million TV subscibers last year, but the number of additional customers will drop  to "less than 1 million" by 2012. "Verizon will continue to build out in areas like New York City, Philadelphia, Washington DC and Pittsburgh that are already franchised but not yet fibered," wrote Moffett, but added that "Verizon is approaching the end of its FiOS expansion," he added, citing several statements by Verizon officials. 

By contrast, Comcast, which has lost TV customers steadily since at least 2008, and other cablers will see "a return to growth post-2012," and DirecTV and Dish Network will grow more slowly.

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PhillyDeals posts interviews, drafts and updates that Joseph N. DiStefano writes alongside his Sunday and Monday columns and ongoing articles about Philadelphia-area business.

DiStefano studied economics, history and a little engineering at Penn. He taught writing and research at St. Joe’s. He has written for the Inquirer since 1989, except when he left a few times to work at Bloomberg and elsewhere. He wrote the book Comcasted, and raised six kids with his wife, who is a saint.

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