The New York State Public Service Commission has approved the video franchise agreement Verizon Communications forged with New York City officials to allow the telco to sell video and triple play services throughout the city. Verizon said in a statement that the company already has begun taking orders for FiOS services, including TV, in the Big Apple, and that the TV service will officially roll out in the coming weeks.
With NYC's Franchice and Concession Review Committee having approved the plan back in May, the PSC's approval is the final authorization Verizon needed to take this significant step with FiOS TV beyond its suburban market comfort zones and into a dense urban market that, until recently, posed deployment challenges, as well as competitive challenges. Verizon now has at its disposal bendable fiber and other solution to help it clear the deployment hurdles. The competitive challenges, in the form of cable TV companies Time Warner Cable, Cablevision Systems and RCN, remain.
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