They are popping champagne in New Jersey. Verizon says it now has a million customers for its FiOS data service and half-a-million FiOS TV subscribers. These numbers are tracking in line with analyst estimates. Verizon announced this just before CEO Ivan Seidenberg made his keynote speech at the Nxtcomm conference in Chicago.
Verizon’s FiOS fiber-to-the-home network will reach 9 million homes by the end of 2007 and 18 million by the end of the decade, he said, pointing out that Verizon will begin to use GPON technology in all FiOS deployments, which will increase speeds downstream by four times and upstream by eight times. Now if Verizon could start cutting prices when its broadband becomes affordable – that would give CableCos something to worry about.