Verizon Hits Accelerator in Jersey (1 Viewer)

cablewithaview

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Apr 18, 2005
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Verizon Communications said Friday that it plans to spend $1.5 billion in New Jersey over the next three years on the construction of a fiber network that will power its FiOS TV and FiOS Internet products.

The move, which came as New Jersey Gov. John Corzine signed a franchise law that will speed the telco’s video rollout in the state, spells more competition for New Jersey incumbent operators such as Comcast, Cablevision Systems and Time Warner Cable.

Verizon said it is building a “major” video hub office in Freehold, N.J., which will transmit FiOS TV throughout the state. The company also said it has more than 1,000 technicians working on building its fiber network in the state.

http://www.multichannel.com/article/CA6359908.html?display=Breaking+News
 

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