Verizon's Ellis: Despite strong demand, no plans to expand 1-Gig service

Despite subscribers' response to Verizon's 1-Gigabit service, the telco has no plans for offering the faster speed out of the current footprint. Verizon CFO Matt Ellis said his company was "selling a lot of gigabit speed," due in part to the demand for video streaming and other services during the coronavirus pandemic. "If you think about Fios footprint in the essentially the DC to Boston corridor, we're not expanding outside of that geography, but we are seeing strong demand for that product," Ellis said.