At long last, Verizon (VZ) will be able to sell its FiOS cable TV service in New York City, after getting approval today from the New York State Public Service Commission. The telco says it’ll launch FiOS TV service in NYC in “coming weeks” — it’s already been taking orders in launch neighborhoods, and promises more info soon.
Eventually, this will be bad news for cable providers Time Warner Cable (TWC), RCN (RCNI), and Cablevision (CVC), which have had minimal competition for decades. But Verizon’s big job — building out its fibre-optic network into thousands of NYC apartment buildings — will still take a while.
Verizon CEO: The iPhone’s No Big Deal, And I Hope Steve Jobs Retires Soon
Verizon COO Strigl: No Big Land Grabs Planned After Alltel Deal
Watch Out Time Warner, Cablevision: Verizon Takes One Step Closer To Wiring NYC For FiOS
NOW WATCH: Tech Insider videos
Business Insider Emails & Alerts
Site highlights each day to your inbox.