Verizon Communications' bid to launch its FiOS TV services in New York City still needs the approval of the New York State Public Service Commission and NYC Mayor Michael Bloomberg, but it is a step closer to reality after receiving the blessing of the city's Franchise Concession and Review Committee. Verizon's entry into the Big Apple's TV services market could pose a threat to the dominance of Cablevision and Time Warner Cable there. Though not strictly viewed as a response to Verizon's imminent encroachment, Cablevision recently bid $650 million to acquire Newsday, in a deal designed to give Cablevision a more powerful multimedia footprint in the New York City area.
Verizon is hoping to offer FiOS TV in at least parts of all five New York City boroughs by the end of this year. The telco recently said it had overcome some of the technical challenges posed by the densely built and populated environment. Some of its advances include using bendable fiber devised by Corning to wire its way through tight spaces and abrupt turns in older apartment buildings.
- see this report at InformationWeek