Verizon's FiOS Heads To Stuy-Town (VZ)

Next stop for Verizon’s (VZ) ‘FiOS’ trucks: The East Side between 14th and 23rd Streets. The telco said today it will offer its new, super-fast fibre optic network in Stuyvesant Town and Peter Cooper Village, the massive housing complexes that Tishman-Speyer bought from MetLife for $5.4 billion in 2006.

What does this mean for residents? They’ll be able to sign up for Verizon’s FiOS Internet service, offering downstream speeds up to 50 megabits per second — about five times faster than the standard package offered by cable companies Time Warner Cable (TWC) and RCN (RCNI).

What they can’t get: Verizon’s digital TV service. Verizon is still negotiating its cable franchise licence with the city, and can’t sell TV service until it’s approved. Release.

See Also: Verizon FiOS TV: NYC ‘By Year End’

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