VZ 2Q — Do Weaker-than-Expected FiOS Numbers Bode Well for Cable?
Verizon missed analyst estimates for FiOS video subscriber adds, adding about 120K vs the Street’s 169K expectation. FiOS Broadband adds also fell shy at 134K. What does this mean for cable when it starts to report results in the coming weeks?
More from the July 20 issue of CableFAX Daily:
Suddenlink CEO Jerry Kent talks about acquisitions following the MSO’s deal with Canadian Pension Plan Investment Board and BC Partners. He also muses on the valuation of publicly traded cable stocks.
The FCC’s 2nd speed test was good news for cable, which delivered sustained download speeds that were 99% of advertised speeds. Cablevision was singled out as a leader. Read on to see who performed the worse.
Minority Media and Telecom Council’s chief is the latest to call for a Telecom Act rewrite. More from the group’s annual conference.