Verizon extends its D.C. FiOS rollout schedule to 10 years

Verizon (NYSE: VZ) is revising its FiOS buildout plan in Washington, D.C., from nine years to 10 years, which it says is within its rights under a franchise agreement it filed with the D.C. Office of Cable Television (OCT), reports FierceCable. Under the terms of the agreement, it would get a 12-month extension if the service provider did not reach 30 percent video service penetration by Oct. 20, 2013. As of the end of 2013, the telco's FiOS service was available to nearly 80,000 homes and businesses in the district but short of its goal. Read more

Suggested Articles

Telefónica's cybersecurity company, ElevenPaths, expanded its cloud security solutions portfolio by working with Palo Alto Networks.

Despite subscribers' response to Verizon's 1-Gigabity service, the telco has no plans for offering the faster speed out of the current footprint.

On the heels of its Q4 earnings on Wednesday, Cisco suffered its worst day on the stock market in 11 years on Thursday.