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Verizon's FiOS Challenges Cable's Clout

By Peter Grant and Dionne Searcey -- The Wall Street Journal, 10/24/2007

After years of promises, Verizon Communications Inc. is making significant headway with its $18 billion effort to roll out television and faster Internet service, posing a difficult new competitive threat for the cable industry.

Two years after launching its FiOS service, Verizon has signed up half a million TV subscribers and, as of the second quarter, was adding 2,600 customers per business day, the company says. In the parts of the Dallas area where FiOS service is offered, a quarter of households are taking it, Verizon estimates.

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