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Wireless communications services

Verizon Enters New York Market with FiOS TV and Internet Services

Strategic Insights

— 1 min read

Verizon's entry into the New York state market marks a significant development in the telecommunications industry, providing customers with a new option for television, internet, and phone services. The company's FiOS TV service, launched today in Massapequa Park, features an expanded basic package with 180 digital channels, 47 music channels, and 20 high-definition channels, all available for $34.95 per month. Additionally, the high-speed fiber-optic cables installed for FiOS TV enable high-speed internet access, with download speeds of 30 megabits per second and upload speeds of 5 megabits per second.

Key Takeaways:

  • Verizon's FiOS TV service offers an expanded basic package with 180 digital channels, 47 music channels, and 20 high-definition channels for $34.95 per month.
  • The service runs over high-speed fiber-optic cables wired directly to homes, enabling high-speed internet access with download speeds of 30 megabits per second and upload speeds of 5 megabits per second.
  • Verizon is seeking franchises in several other Long Island communities, with plans to expand the service beyond Massapequa Park.
  • Cablevision, a competitor of Verizon, recently upgraded its internet service for free, offering downloads at 15 megabits per second and 2 megabit-per-second upload speeds.
  • Verizon's entry into the New York market provides customers with a new option for television, internet, and phone services, competing with Cablevision's iO interactive television service, Optimum Online Internet service, and Optimum Voice Internet-based telephone service.

Statistics:

  • Verizon's FiOS TV service offers 180 digital channels, 47 music channels, and 20 high-definition channels.
  • The service is priced at $34.95 per month for the expanded basic package.
  • High-speed internet download speeds are 30 megabits per second and upload speeds are 5 megabits per second.
  • Cablevision's upgraded internet service offers downloads at 15 megabits per second and 2 megabit-per-second upload speeds.

Sources:

  • "Newsday," Melville, N.Y., available at http://www.newsday.com (no date mentioned)
  • "Verizon's Entry into New York Market," Verizon press release (no date mentioned)
  • "Cablevision's Internet Services," Cablevision website (no date mentioned)
  • "TICKER SYMBOL(S): VZ, CVC," used as reference to identify the companies involved.

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