The New York City Council will hold an oversight hearing Oct. 14 to determine whether Verizon has met its obligation to the city as part of its franchise agreement which said that Verizon would outfit the city with FiOS by 2014. The hearing will feature speakers from the Committee on Technology, the Committee on Oversight and Investigations, the Subcommittee on Zoning and Franchises as well as Verizon representatives and advocacy groups.
Verizon continues to make progress with its copper-to-fiber migration strategy. The service provider, according to a series of FCC filings, is retiring copper network facilities in White Plains, N.Y., Pittsburgh, Falls Church, Va., and Providence, R.I.
Verizon is now facing another attack on its FiOS buildout from Pittsburgh Mayor Bill Peduto, who says that the provider did not fulfill its FTTH commitments in the city.
Verizon is facing a call from 14 city mayors on the East Coast to expand its FiOS FTTH network into more areas that have limited access to high speed services.
Frontier Communications says it sees potential revenue opportunities to expand FiOS and business services in California, Florida, and Texas-- three markets where it will enter next year when it completes its acquisition of Verizon's assets in those states.
AT&T said it expects to report positive IP broadband net additions in the third quarter, while U-verse TV customers will drop.
Coriant has tapped former Juniper CEO and Verizon veteran Shaygan Kheradpir as its new CEO and board chairman, succeeding Pat DiPietro, who will become the company's chairman.
Verizon may be in the process of selling off its wireline assets in Florida to Frontier, but its move to offer new and existing FiOS customers that reside in the Tampa Bay region a 100 Mbps symmetrical speed tier shows the telco still sees value in its FTTH product line.
Altice is promising to take an operator notoriously locked in an intense battle with a telco service, Verizon FiOS, in the majority of its footprint, and make it more profitable than cable companies with gobs more scale. For a U.S. cable industry trying to prove to investors it has a future, that strategy could change everything if it is successful.
Verizon's chief says that despite emerging rumors about the company's future, the telco has no intention of divesting any more of its wireline assets.