Verizon reported that it lost 51,000 net pay TV subscribers for its Fios video service in the fourth quarter, citing 'the ongoing shift from traditional linear video to over-the-top offerings.' More details:
Telecom giant Verizon on Thursday reported that it lost 51,000 net pay TV subscribers for its Fios consumer video service in the fourth quarter, compared with a loss of 46,000 in the year-ago period and a loss of 67,000 in the third quarter.
Fios, which competes with cable and satellite TV services, ended 2019 with 4.15 million total video subscribers in its consumer unit and 77,000 in its business unit.
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