NYC Approves FiOS TV

NEW YORK -- New York City's Franchise and Concession Review Committee (FCRC) today voted unanimously to approve a proposal by Verizon to provide TV service to all five boroughs of the city, and bring competition in the TV market. The company will provide the service through its state-of-the-art, all-fiber-optic FiOS TV network. The vote follows an agreement on April 29 by the city's Department of Information Technology and Telecommunications to accept the Verizon proposal. As final steps in the review process, the proposed agreement must be confirmed by the Mayor's Office of the City of New York and the New York State Public Service Commission. The following statement on today's FCRC vote should be attributed to Monica Azare, Verizon senior vice president for New York and Connecticut.

"After many years, real choice for TV is closer to reality for New York City residents. Soon, they will be able to break away from the monopoly of legacy cable TV providers. If we are successful in the last steps of the approval process, we will deliver on our promise to begin offering FiOS TV in parts of each of the five boroughs later this year.

"New Yorkers should feel proud of their city's government, which has forged ahead and said 'No' to the monopolies, and 'Yes' to competition, choice and a new technology -- built by Verizon's union-represented workers -- that will raise the bar for all providers. Today's vote represents the voice of the residents of New York City, who expressed broad support for a new provider that will create value for customers.

"When our proposal is fully approved, New York will be the first major city in the nation to break the cable TV monopoly and bring the network of the future to its residents today."

Verizon Communications Inc. (NYSE: VZ)

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