Verizon Gives FiOS Customers Two-Year Price Guarantee
Monica Link Feb. 11, 2014, 2:32 p.m.
New York-based communications giant Verizon Communications Inc. is giving its new FiOS customers a two-year price guarantee. The offer is an effort by the company to attract fresh clients to an already booming customer base. The super charged internet and TV service has been a popular item for the brand in the past year. New customers can sign up for the service with the price guarantee with or without a formal contract.
“We’re responding to feedback from prospective customers who told us they wanted to switch to FiOS for the faster speed, greater reliability and clearer images, but they struggle with the notion of signing up for a multi-year contract,” Mike Ritter, the chief marketing officer for consumer and mass business at Verizon, said in a prepared statement. “We’ve also heard from prospective customers that they want price assurance when they switch providers.
Verizon posted strong earnings for the period ending Dec 31, 2013. The company had $31.1 billion in operating revenue, up 3.4 percent from the fourth quarter of 2012. The company also had growth in its revenue for the entire 2013 year. Total operating revenue for 2013 was $120.6 billion, a 4.1 increase of $4.7 billion from operating revenue reported in 2012.Verizon’s FiOS gives faster speeds for downloads, graphics and large files. The internet connection can go as fast as 300 megabits per second.