Verizon Communications revealed that the company's FiOS TV and Internet service has achieved 50 percent penetration in Dallas, the company's first market. Speaking at the J.P. Morgan Global Technology, Media and Telecom Conference today, Verizon EVP and CFO Fran Shammo said the company hit 50 percent penetration in Dallas and he expects the penetration rate to grow in other markets as well.
Verizon Wireless has fully one-third of its postpaid subscriber base on its Share Everything plans less than a year after launching the plans, according to Verizon Communications CFO Fran Shammo.
About 27 percent of FiOS Internet subscribers are on one of Verizon's Quantum tiers, which offer download speeds of at least 50 Mbps, Verizon disclosed on its first-quarter earnings call Thursday.
Verizon Wireless reported a record-high profit margin in the first quarter of 2013 as it continued to benefit from its Share Everything shared data plans, which were introduced last June. The carrier said that its average revenue per account grew steadily, as it has in the past several quarters. Verizon said that 30 percent of its retail postpaid customers are now on its shared data plans.
Verizon began notifying its FiOS TV subscribers Thursday that it will move ESPN Classic and ESPN Goal Line / Buzzer Beater next month to its most expensive programming tier, the FiOS Ultimate HD package.
Verizon Communications and Vodafone have held talks that range from a merger of the two giant phone companies to Verizon merely buying Vodafone's 45 percent stake in their Verizon Wireless joint venture, according to a Bloomberg report. The report said Verizon wants to find a resolution to the two carriers' relationship this year.
Verizon Wireless expects subsidies for smartphones and other devices to fall over the next two to three years as competition intensifies among operating systems and devices move to being LTE-only, according to a senior Verizon executive.
Vodafone CEO Vittorio Colao said he was pleased with Vodafone's minority role in Verizon Wireless and the financial returns Vodafone gets from the carrier, but said he was open to exiting the joint venture with Verizon Communications in the future.
Verizon Wireless will pay an $8.5 billion dividend to parent companies Verizon Communications and Vodafone, the second straight dividend payment the carrier has produced after years of not doing so.
Verizon Wireless will finish its LTE deployment by the middle of 2013, according to Verizon Communications CFO Fran Shammo. The timeline is about six months earlier than Verizon has previously stated. Executives had said the company would match its 3G footprint with LTE coverage by the end of 2013.