Statement from Dennis M. Bone, President of Verizon New Jersey, on the New Jersey... (1 Viewer)

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(cont)... State Assembly Approval of the Cable Choice Act (ACS-804)

The New Jersey State Assembly today approved ACS-804. The bill authorizes a competitive systemwide franchise for certain provide

NEWARK, N.J., May 22 /PRNewswire/ -- "Today's state Assembly vote is another big step in the right direction. Consumers are now that much closer to seeing the true benefits of competition: more choices, competitive prices and improved cable television services. We applaud the state Assembly for taking this bold step towards opening the state's cable TV market to true choice and competition.

"This legislation will pave the way toward streamlining the state's 34-year-old cable franchise laws -- laws that are out of date with technology, out of touch with consumer demands, and serve only to delay choice and competition. New Jersey is poised to join a growing list of states that are steamrolling antiquated video franchise laws in favor of rules that promote competition, increase investment and benefit consumers.

"We commend the bill's sponsors -- Assembly members Upendra Chivukula, Thomas Giblin, Joseph Malone, Jeff Van Drew, Joseph Vas and especially Assemblyman Wilfredo Caraballo -- who have been leaders in trying to bring rapid competition to communities and deliver significant benefits to the marketplace, municipalities, and the state.

"We're hopeful that Gov. Corzine agrees with the overwhelming majority of the state Legislature that cable competition is truly needed and that this legislation will finally open the New Jersey market to Verizon and, potentially, many additional service providers."

VERIZON'S ONLINE NEWS CENTER: Verizon news releases, executive speeches and biographies, media contacts, high quality video and images, and other information are available at Verizon's News Center on the World Wide Web at http://www.verizon.com/news. To receive news releases by e-mail, visit the News Center and register for customized automatic delivery of Verizon news releases.
Verizon

CONTACT: Rich Young of Verizon, +1-973-649-2279,
richard.j.young@verizon.com

Web site: http://www.verizon.com/
http://www.verizon.com/news

Company News On-Call: http://www.prnewswire.com/comp/094251.html

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