Tuesday, May 6, 2008

Verizon Cable in Mahattan

2nd\NE Quadrant The Approval Matrix

There's a new game coming to town for cable subscribers who have been yoked to Time-Warner Cable or Cablevision out of necessity. New York City has finally struck a deal with Verizon to provide competing cable services throughout the five boroughs. Deputy Mayor for Economic

Development Robert Lieber announced at a press conference, "This is a historic agreement that when approved for the first time will bring true cable television service competition in each in every home in all five boroughs of New York."

The City will be collecting 5% off the top of all newly generated cable fees from Verizon. Customers will begin to receive service from the company's new fiber optic FiOS network by the end of the year, when it will be available to 30% of New Yorkers. The goal is to have cable competition available to 50% of potential customers by 2010 and 100% of New Yorkers by 2014. -- Gothamist\Dave Hogarty

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