NYC Approves FiOS TV
"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)