Telecommunications firm Verizon Communications said Monday that it has signed up 89,000 FiOS TV video subscribers during the fourth quarter, ending 2006 — the service’s first full year — with 207,000 users. The company said it plans to aggressively push FiOS TV, which competes with cable and satellite TV, this year despite the high cost involved. Verizon predicts the costs for the expansion of its fiber network will drag profit down by 30 cents-34 cents a share in 2007, with costs peaking in the first quarter at 11 cents per share.
Verizon making push for FiOS TV
Telecommunications firm Verizon Communications said Monday that it has signed up 89,000 FiOS TV video subscribers during the fourth quarter, ending 2006 -- the service's first full year -- with 207,000 users.
