As Verizon (VZ) gears up to resell Comcast (CMCSA) and Time Warner's (TWC) video services, CEO...

|About: Verizon Communications (VZ)|By:, SA News Editor

As Verizon (VZ) gears up to resell Comcast (CMCSA) and Time Warner's (TWC) video services, CEO Lowell McAdam says the carrier is nearing the end of its FiOS buildout, which will cover 18M homes when finished. However, McAdam adds Verizon is shooting for a penetration rate of 50% in FiOS-covered locales; if Verizon hit that target, it would doubtlessly spell more pain for cable providers. (earlier)