Fiber is the sole route to digital transformation -- and competitor Altice's decision to focus on fiber-to-the-home only validates Verizon's long-time strategy, the telco's CFO said today.
Speaking during the UBS 45th Annual Global Media and Communications Conference, Verizon CFO Matt Ellis told investors that Altice's arrival in the northeastern United States did not alter his company's outlook or strategy. Altice created an immediate presence in the region when it acquired Cablevision two years ago.
Unlike most operators that use a mix of technologies -- such as fiber, VDSL and Gfast -- Altice is using a fiber-only strategy in Europe and now the US. Likewise, Verizon has steadily increased its fiber footprint, using a combination of fiber-optic cable and NG-PON2 to build its new infrastructure.
While this approach may take longer, it's the right strategy, Ellis said.
"Altice's plans for FTTH validates what we have been doing for over ten years and the value it brings and the things you can do with fiber you can't do with other technologies," he said.
Altice's Optimum brand sees "very heavy triple-play penetration," said Altice USA President Dexter Goei during the cableco's third-quarter earnings call in September.
"We're not seeing a significant amount of competitive pressure either from Verizon or from OTT providers in this region given the success of the bundling and the high penetration of bundling you're seeing across our footprint, but I would assume as well across the Verizon Fios footprint," he said.
But Verizon continues to build out fiber to support its entire spectrum of wired and wireless customers, said Ellis, during Verizon's third-quarter earnings call in October.
"We continue to deploy fiber and we will continue to do that as we head into 2018...," he said. "You should expect to see us continue to be deploying fiber around the country as we go forward to service both wireless but also customers across the rest of our businesses and getting into IoT applications as well."
Fiber-only broadband services provider Greenlight Networks uses infusion of capital for 525% headcount increase and accelerated deployment of fiber optic networks to expanded customer base in Rochester, NY, region.
In a one-on-one interview with Broadband World News, ADTRAN Chairman and CEO Tom Stanton speaks about the vendor's success with a new breed of broadband providers, today's competitive environment and, yes, Verizon and NG-PON2.
Wi-Fi is the foundation of the connected home for consumers; yet, it’s often a source of frustration. With the imminent release of the new Wi-Fi 6 standard – combined with a strong Managed Wi-Fi offer – service providers can reverse subscriber frustration while tapping into new revenue streams.
Key topics include:
What’s different about Wi-Fi 6 and why it matters to your subscribers
The importance of offering Managed Wi-Fi and its connection to Wi-Fi 6
How you can elevate your brand and gain a strong foothold in the home network.
In this insightful Light Reading radio show, Kurt Raaflaub, Head of Strategic Solutions Marketing, will outline the key service provider challenges, deployment considerations, next-gen Gigabit technologies, and service models to win market share in the rapidly growing MDU market.