Cable executives aren't coming undone over Verizon FiOSTV, according to reports that emerged from last week's Goldman Sachs Communacopia conference in New York. Comcast chief operating officer, Steve Burke speculated about the viability of FiOSTV, which he said had reached only about 5 percent of Comcast markets.
Sanford Bernstein Senior Analyst Craig Moffett also pooh-poohed FiOS, predicting it would reach just 15 percent of TV households in five years; and AT&T's U-verse, 23 percent. Cablevision is predicted to have the most overlap with the FiOSTV footprint, at 79 percent. (See FiOS Penetration by 2012)
Overbuilders like RCN are considered most vulnerable, providing a buffer of sorts for incumbent cable operators, aka the ones who've been laughing at the idea of telcoTV for 20 years. That it's even a subject of an investor conference means the cable industry is taking it seriously. Very seriously.
- DSL Reports has more on the Goldman Sachs conference here
- The same publication highlights the FiOSTV effect on cable here
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