Where have all the cable subscribers gone? FiOS and U-verse

Verizon (NYSE: VZ) has mirrored AT&T (NYSE: T) by adding 192,000 TV subscribers to its FiOS service in the first quarter, the company said while announcing financial results. The new subs bring the FiOS total to 3.7 million TV users. AT&T reported yesterday that it had added 218,000 U-verse TV subs.

Cable has been leaking basic TV subscribers for multiple quarters and, while voicing concern, cable operators have also pointed to improved numbers of high-speed data and voice customers. The Verizon results could put a damper on some of those arguments because Verizon also reported an increase of 207,000 FiOS Internet customers during the quarter, bringing the total number there to 4.3 million subs.

Financially speaking, the telco reported that "FiOS consumer retail revenues now represent approximately 54 percent of total consumer revenues."

For more:
- see this news release

Related articles:
Verizon adds 25 upgrades to FiOS TV service
Verizon shifts FiOS plan to encourage more subscribers
AT&T adds 218,000 U-verse subs in first quarter