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Verizon, BellSouth Slip in 2nd Quarter Too

Alan Breznick
7/26/2005

SBC Communications isn't the only Baby Bell to post much smaller DSL subscriber gains in the second quarter. Both Verizon Communications and BellSouth Corp. also slipped significantly from their first quarter gains, as shown in their new earnings reports. Verizon reported earlier today that it added 278,000 "wireline broadband connections" in the second quarter between its established DSL service and its new fiber-based Fios service. That represents a slight decrease from last year's second quarter and a steep decline from the first quarter, when the company added a record 385,000 broadband subscribers. Verizon said it now has a total of 4.1 million broadband customers, which curiously is only about 100,000 higher than its total at the end of the first quarter. BellSouth reported Mon. that it added 124,000 DSL customers in the spring quarter, up slightly from a year ago but down sharply from 253,000 in the first quarter. The company blamed the disappointing results on seasonal declines, such as college students disconnecting for the summer. But it also lost 35,000 DSL customers after ending its aggressive $9.95 a month offer for its lowest tier of service.

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