Verizon's Shammo: We'll have FiOS coverage in 70 percent of our East Coast Footprint

Verizon may be selling off a sizeable piece of its wireline network base to Frontier, but the service provider will have a concentrated fiber-to-the-home (FTTH) base allowing it to effectively compete with Altice when the France-based company completes its Cablevision acquisition. Speaking to investors during the carrier's third-quarter 2015 earnings call, Fran Shammo, CFO and EVP of Verizon, said that it has surpassed its FiOS FTTH build commitments and will continue to invest in its overall wireline network.

"With the three divestitures in the South, they were more or less footprints that were not contiguous to anything else and most of that property was copper not fiber," Shammo said. "When we look at the East Coast, we'll have covered over 70 percent of the footprint with our FiOS product and we're very committed to it." Shammo added that "we're investing over $4 billion in our wireline company a year so that shows our capital commitment from a capital investment perspective."