Verizon grows content leverage compared to 'subscale' Fios [telecom]

by Ben Munson

Verizon reported 82,000 Fios Video net losses during the first quarter of 2021, dropping its total to approximately 3.77 million. (Fierce Wireless)(Monica Alleven/Fierce Wireless)

As Verizon's Fios Video subscribers continue to dwindle, the company is gaining broader relationships with content partners that will play a role in its growing fixed wireless business.

Ronan Dunne, executive vice president and CEO for Verizon's Consumer Group, said his company was previously a "subscale" purchaser of content when it was limited to the Fios Video footprint in the Northeast. But recent content partnerships with Disney+, Discovery+ and other streaming services have greatly increased Verizon's scale with content owners, something that will come in handy as the company aspires to grow its fixed wireless business into a nationwide residential broadband competitor.

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