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Verizon CEO: Video Will Be Our Core Product

Verizon CEO: Video Will Be Our Core Product

Hong Kong (18 September 2009) - Verizon CEO Ivan Seidenberg says video, not voice, will be the core product over his expanding fiber network.

Verizon CEO Ivan Seidenberg told at a Goldman Sachs conference that, 'I am going to focus on driving FiOS penetration and taking costs out.' He is expecting the capital spending would fall in the next two years. He predicts the FiOS network would stretch to 70% of Verizon's fixed-line customer base.

Mr. Seidenberg believes that with TV, the PC and the internet converging, the carrier's future would be in selling video services. 'Video is going to be the core product in the fixed line business,' says Mr. Seidenberg. He continues, 'the ability to offer make TV interactive, as well as offer high-definition channels, was a huge opportunity.'

Sources from telecomasia.net by Robert Clark
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