Building on momentum from second-quarter 2017, Verizon Communications Inc. (NYSE, Nasdaq: VZ) delivered strong results in third-quarter 2017, both adding and retaining wireless customers, and generating significant cash flow.
Wireline
In third-quarter 2017, Verizon added a net of 66,000 Fios Internet connections and lost a net of 18,000 Fios Video connections, reflecting the ongoing shift from traditional linear video to over-the-top offerings. At the end of the quarter, Verizon had 5.8 million Fios Internet connections and 4.6 million Fios Video connections.
Fios Video Connections
2016 2017
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1Q 2Q 3Q 4Q 1Q 2Q 3Q
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Total ('000) 4,678 4,637 4,673 4,694 4,681 4,666 4,648
Net Adds ('000) 43 (41) 36 21 (13) (15) (18)
Penetration 35.0% 34.6% 34.5% 34.3% 33.8% 33.4% 32.
