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Verizon Readies FiOS TV for NYC

NEW YORK -- The New York State Public Service Commission (PSC) today confirmed the agreement between Verizon and The City of New York for 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 confirmation follows an agreement on April 29 by the city's Department of Information Technology and Telecommunications to accept the Verizon proposal, and approval by the city's Franchise and Concession Review Committee on May 27. The PSC confirmation today is the final governmental and regulatory step in Verizon's plan to offer FiOS TV service to New York City residents. The following statement on today's New York PSC confirmation should be attributed to Monica Azare, Verizon senior vice president for New York and Connecticut.

"Today is a great and historic day for New York City residents. After decades of being locked into one cable TV provider, consumers here soon will have more choices, better entertainment, and a superior customer service experience. When we launch our FiOS TV service in the city in the coming weeks, consumers will be amazed at the comprehensive channel lineup, the vast number of high-definition offerings, the clarity of the picture, and the real value they will be receiving for their entertainment dollar. All these benefits will be brought to New Yorkers by Verizon's revolutionary all-fiber-optic technology, straight to consumers' doors.

Verizon Communications Inc. (NYSE: VZ)

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