U.S. telco results expected to prove video growth

US TELCO RESULTS EXPECTED TO PROVE VIDEO GROWTH
[SOURCE: Reuters, AUTHOR: Ritsuko Ando]
When AT&T and Verizon report quarterly results later this month, investors will be looking for proof that their expensive video strategies are starting to pay off. The top two U.S. phone companies had worried Wall Street by investing billions of dollars in building advanced high-speed networks to compete with cable companies' all-in-one packages of video, Internet and phone services. But if Verizon can show that subscriber growth to its FiOS video service is picking up, and if AT&T can report the same for its U-Verse service, that would help remove overhang on their share prices. Both AT&T and Verizon face declining fixed-line phone sales and increasing competition from cable and online services, a trend likely to be underscored in the quarterly reports.
http://www.reuters.com/article/technologyNews/idUSN2035662220070720