Verizon's McAdam: New FiOS markets are not in the cards

Lowell McAdam, CEO and chairman of Verizon, put another nail into the FiOS expansion idea, saying that the carrier will continue to focus on expanding service availability in existing markets.

"The point for us is that there might be a couple of things on the fringe going in and digging up yards and deploying fiber in a lot of new markets isn't in the cards," McAdam said. "More and more things are going mobile and I think there are more opportunities to partner out of market with companies that are there vs. us going in and deploying FiOS." Unlike its RBOC brother AT&T, which can leverage its existing local franchise agreements to deploy its hybrid copper/fiber U-verse service, Verizon does not have the same luxury outside of its established FiOS footprint. Although it is not expanding into new markets, the telco is seeing potential to expand its subscriber base in existing markets such as Texas.