1. Monthly archive
  2. October 2020

October 2020

Verizon adds the most Fios Internet net adds since 4Q 2014

Verizon Communications reported third-quarter results highlighted by increases in total Fios Internet net additions and wireless service revenue. The company reported 139,000 Fios Internet net additions in third-quarter 2020, an increase from 30,000 Fios Internet net additions in third-quarter 2019. Including both business and consumer segments, the company reported 144,000 total Fios Internet net additions, the most Fios Internet net additions since fourth-quarter 2014.

Moody’s Raises Cable Outlook to ‘Positive’

Moody’s Investors Service raised its rating on the cable television sector to “positive” from “negative,” fueled mainly by expected growth in broadband. Moody’s expects cash flow in the sector to rise more than 5% over the next 12-to-18 months, based on the continued rise in broadband customers due to the pandemic. Moody’s noted that cable broadband subscribers grew by about 2.5% (3.5 million customers) in Q2, and market penetration rose to 50% in the period, compared to 48% in the prior year. This despite video and voice customer declines in the 4-6% range annually.

AT&T Answers Critics of DSL Discontinuation

Representatives from AT&T met with Federal Communications Commission staff to answer a Common Cause, Public Knowledge and Next Century Cities letter sent to the FCC claiming AT&T’s decision to grandfather copper-based DSL services – services the groups maintain should not even be considered broadband – somehow underscores the need for full-fledged public utility regulation of broadband.

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