Verizon CFO Matt Ellis expressed confidence the company’s Fios business would continue to grow, despite a rapidly changing competitive landscape.
Speaking during a Credit Suisse investor conference, Ellis noted its Fios customer base at the end of Q1 2021 was more than 5% higher than the same quarter in 2020. He added in the three quarters from Q4 2020 to Q1 2021, the business posted “well over” 300,000 net additions in its footprint.
“We are absolutely excited about what we’re seeing in Fios,” Ellis said. “I don’t see any reason why we should expect that to slow down.”
