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Expectations for Verizon’s Fios Video Customer Acquisitions in Q3

Expectations for Verizon’s Fios Video Customer Acquisitions in Q3

The major driver of Verizon’s (VZ) wireline segment is its Fios service. Verizon’s Fios is a fiber-optic network service that provides users with video, Internet, and voice services. Wall Street analysts expect Verizon to see a net loss of Fios video customers in the third quarter, as the company has continued to face stiff competition from over-the-top (or OTT) video streaming players.