Verizon's McAdam: We set a high bar for further FiOS expansions

Verizon Communications is holding fast to its thesis that while it is on track to complete the buildout of FiOS to about 21 million premises, it will need a compelling reason to expand into new markets.

Verizon's CEO and Chairman Lowell McAdam said that it is not dismissing the idea of possible expansions, but they would have to provide a compelling return on investment. "Expansion into other areas I wouldn't rule out, but it would have a very high bar," McAdam said. "If you look at some of the things that Google is doing around fiber, I think that's opened up a new model for us." McAdam added that broadband data is more profitable than its linear TV service, so offering more fiber-based broadband services is a possibility.