Telecom giant Verizon on Friday reported that it lost 81,000 net pay TV subscribers for its FiOS consumer video service in the second quarter, compared with a loss of 52,000 in the year-ago period and a loss of 84,000 in the first quarter.
The company cited "the ongoing shift from traditional linear video to over-the-top offerings." It ended June with nearly 3.99 million video subscribers.
Verizon also added 10,000 net customers for the FiOS internet service, which after a 59,000 customer gain in the first quarter was affected by "temporary restrictions put in place on work inside customers' homes." That meant the company ended June with a total of 5.97 million internet subscribers.
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