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Verizon Fios broadband reaches 40% penetration mark

March 15, 2018

Verizon may not have any new expansive Fios expansion plans, but where it has rolled out FTTH, Fios broadband penetration is above 40%.

Matt Ellis, EVP and CFO of Verizon, told investors during the Morgan Stanley Technology, Media & Telecom Conference 2018 that broadband subscription rates will likely rise further.

“I expect that Fios broadband penetration number to continue to increase over the next couple of years,” Ellis said.

During the fourth quarter, Verizon added 47,000 Fios internet connections and lost a net of 29,000 Fios video connections.

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