The telecom giant, led by CEO Hans Vestberg, has been shifting its video focus away from Fios TV to partnerships with third-party streaming services, in part via a Verizon +play platform.
lost 76,000 net pay TV subscribers for its Fios consumer video service in the first quarter, compared with a loss of 78,000 customers in the year-ago period, the telecom giant said on Tuesday.
Verizon, led by chairman and CEO Hans Vestberg, gained 67,000 Fios broadband internet subscribers, compared with 60,000 in the year-ago period. Verizon has been shifting its video focus away from FiOS TV to partnerships with third-party streaming services as it positions itself as a key distributor for them.
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