May 28, 2008 (12:05 PM EDT)
Verizon's FiOS TV Service Nearing Approval In Big Apple

Read the Original Article at InformationWeek

Time Warner and Cablevision could face some competition in New York City.

The two companies are the main cable providers in the five boroughs, but Verizon appears poised for approval of its FiOS television service.

The New York City Franchise and Concession Review Committee, which governs cable franchises, approved the company's proposal to deliver FiOS to New Yorkers.

New York City's Department of Information Technology and Telecommunications accepted the proposal last month. Mayor Michael Bloomberg and the New York State Public Service Commission still have to approve the plan before Verizon can move forward.

The recent developments mean some New Yorkers could soon have choices among cable providers.

Monica Azare, Verizon senior VP for New York and Connecticut, said that final approval would make New York "the first major city in the nation to break the cable TV monopoly and bring the network of the future to its residents."

The company has already installed fiber optics wiring in some New York City buildings, but it will have to lay out more infrastructure to have a city-wide impact.

Azare said if the plan gains final approval, New Yorkers will be able to "break away from the monopoly of legacy cable TV providers." She said Verizon will begin offering FiOS TV in parts of each of the five boroughs later this year.

In a city that counts more than 400 local unions with more than 1.3 million union workers, she also stressed that Verizon's network is built by union members.

"New Yorkers should feel proud of their city's government, which has forged ahead and said 'No' to the monopolies, and 'Yes' to competition, choice, and a new technology -- built by Verizon's union-represented workers -- that will raise the bar for all providers," she said in a news announcement.