(Reuters) - NEW YORK, Aug 3 - Top U.S. telecom carriers are attracting more subscribers to their nascent video services, with Verizon Communications Inc. finally gaining a critical mass to compete against cable rivals. While still losing customers to cable companies -- which made a head start in offering all-in-one "bundles" of video, Internet and phone services -- AT&T Inc. and Verizon are fighting back, the latest quarterly earnings reports showed. Verizon added 167,000 subscribers to its FiOS TV service in the second quarter, taking the total to 515,000, according to its quarterly report on Monday. That compared with 141,000 additions in the first quarter and showed that the roll-out, which began in September 2005, was picking up momentum.
"They're gaining a critical mass of subscribers," said A.G. Edwards analyst Kent Custer, adding that investors were more supportive now of the high cost of the all-fiber-optic network that Verizon is building. "The proof is in the pudding now."
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"They're gaining a critical mass of subscribers," said A.G. Edwards analyst Kent Custer, adding that investors were more supportive now of the high cost of the all-fiber-optic network that Verizon is building. "The proof is in the pudding now."
Read more at Reuters.com Market News
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