The telecom giant, led by CEO Hans Vestberg, reports its latest financials.
Telecom giant Verizon on Thursday reported that it lost 52,000 net pay TV subscribers for its Fios video service in the second quarter, compared with a loss of 37,000 in the year-ago period and a loss of 53,000 in the first quarter.
The company's broadband service added 28,000 subscribers in the second quarter, compared with 43,000 in the year-ago period. Verizon, led by CEO Hans Vestberg, had for some time planned to launch a live TV streaming service for young wireless users who are cord cutters or cord nevers, but it then decided to instead offer other over-the-top services via its platform.
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