Verizon’s FiOS broadband fibre optic service, which enables the US telecommunications group to offer TV and other advanced services in competition with cable operators, is on track to post a profit before interest, tax, depreciation and amortisation next year, Denny Strigl, chief operating officer, said on Monday.

Mr Strigl was speaking to analysts after Verizon unveiled solid third quarter results driven by strong subscriber growth at Verizon Wireless, the US mobile carrier owned by Verizon Communications and Britain’s Vodafone group.