1 Stat About Verizon That Should Scare AT&T
In the early 2010s, Verizon's (NYSE: VZ) Verizon FiOS TV service was one of pay TV's biggest success stories. At a time when legacy pay TV products like cable and satellite subscriptions were suffering from the cord-cutting trend, Verizon's IPTV service seemed somehow immune. FiOS TV (which exists alongside Verizon's fiber-optic internet service, also branded as FiOS) was pay TV's fastest-growing service in 2010.
But no more. Verizon's first-quarter 2020 results include some serious losses for Verizon's IPTV service. This should trouble Verizon, especially given the fact that the COVID-19 pandemic has been pushing TV viewing hours up for the streaming competition. It should also trouble AT&T (NYSE: T), which only just recently unveiled an IPTV service of its own.
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Source Fool.com
