Verizon winds down FiOS expansion to focus on completing areas where it’s already started

Verizon winds down expensive FiOS expansion

NEW YORK — If Verizon Communications Inc. hasn’t already started wiring your city or town with its FiOS fiber-optic TV and broadband service, chances are you won’t get it.

Where it’s available, FiOS usually provides the only competition for cable TV apart from satellite service. Studies have shown that its entry into an area leads to lower cable prices, though FiOS itself has not been undercutting cable TV prices substantially.

But Verizon is nearing the end of its program to replace copper phone lines with optical fibers that provide much higher Internet speeds and TV service. The company says its focus is now on completing the buildout in the communities where it’s already secured the rights to sell TV service that rivals cable.