Monday, May 19, 2008

Verizon Presents FiOS Plan to NYC Franchise Committee

Verizon presented its plan to offer FiOS fiber-based service throughout all five boroughs of the city to the New York City Franchise and Concession Review Committee (FCRC) . A vote is expected on May 27.


The principal provisions of the Verizon franchise proposal include:

  • The plan calls for a full build-out of Verizon's state-of-the-art fiber-to-the-premises (FTTP) network throughout the entire city by mid-2014.


  • Providing FiOS TV service to requesting customers in all five boroughs within a six-year time frame as Verizon's wire centers are upgraded to being video-capable.


  • Verizon will provide an all-digital lineup of more than 400 channels and a growing library of more than 10,000 video-on-demand selections.


  • Payment to the city of more than $4 million for a technology and education fund that will enable service to public and municipal buildings as well as other projects.


  • Payment of approximately $18 million in grants through the life of the agreement to support public access via the city's five borough-based Community Access Organizations (CAOs).


  • $10 million in grants to support the city's education and government access channels.


  • More than 50 public, educational and governmental access channels for use by the city and the CAOs over the life of the agreement.


  • Provision of a fiber-optic institutional network (known as an INET), primarily to support the city's public safety needs.


  • Pay franchise fees equivalent to five per cent of gross revenues on cable TV service, as do other cable TV providers in the city.


  • An extensive and appropriate set of customer service provisions.
http://www.verizon.com

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