Verizon Reports FiOS In Demand

Verizon Communciations Inc. on Tuesday reported that demand for its FiOS Internet service continues to climb, according to data released for the second quarter of 2006, which shows that FiOS Internet customers made up more than 25 percent of the 440,000 net new wireline broadband sales for Verizon.

The company said that on average it has acquired 12 percent of potential FiOS Internet customers within nine months of entering a new market with its fiber-optic network. It also reported that 375,000 customers now use its FiOS Internet service to connect to the Internet or other data networks at speeds of up to 50mbps.

According to Verizon, the second-quarter report noted that Verizon gained 111,000 FiOS Internet customers in the second quarter alone. The company’s fiber-optic network now extends to 4.5 million homes and small businesses in 16 states as the company continues to expand the service.

“FiOS sales are gaining momentum as hundreds of thousands of people discover the real difference that a fiber delivered directly into their homes and businesses provides,” said John Wimsatt, senior vice president of Verizon’s broadband solutions group. “The tremendous capacity and bandwidth our FiOS Internet customers enjoy makes applications like photo and video sharing, blogging, digital movie downloads, video chat and conferencing, and interactive multi-player games a part of everyday living.”

Verizon said its FiOS download connection speeds range from 5mbps to 50mbps and its upload speeds range from 2mbps to 10mbps.

The company’s fiber-optic network also offers customers in many markets FiOS TV, which provides more than 180 all-digital channels, two dozen HDTV channels and up to 2,500 VoD titles.

“As hundreds of thousands of new FiOS customers are now benefiting from our super-fast, reliable Internet service, many are also coming to us for video,” said Wimsatt. “In the approximately 60 markets in seven states where we currently offer FiOS TV, a high percentage of our FiOS Internet customers are signing up for our TV service.”

In the second quarter 2006, Verizon also gained 329,000 DSL high-speed Internet customers and now has a total of 6.1 million wireline broadband customers, according to the company.

Verizon Communications Inc. www.verizon.com

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