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FiOS Gains Steam for Verizon

While Verizon Communications saw second-quarter earnings drop 24% to $1.61 billion, the telco said Tuesday that it’s seeing big growth with sales of its FiOS Internet and FiOS TV products.

The company added 1.6 million net new digital-subscriber-line and FiOS customers during the last three quarters, including 111,000 FiOS Internet customers, during the quarter.

Verizon didn’t break out FiOS TV’s total subscriber count, , but the company said that in markets where it’s been selling FiOS TV for at least six months, its penetration levels have hit an average of 10%.

The regional Bell operating company said more than 80% of FiOS TV customers buy its triple-play of video, high-speed Internet and phone, and 60% of FiOS customers have a digital-video recorder, HD set-top, or both.

The company picked up 440,000 net broadband connections, including DSL and FiOS Internet subs, during the second quarter, and Verizon said it ended the period with 485,000 customers that take its DirecTV direct-broadcast satellite bundle.