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  • investor277 investor277 Sep 30, 2005 1:54 PM Flag

    VZ Accelerates Availability of FiOS TV

    Verizon to Accelerate Availability of FiOS TV Service in Texas
    Friday September 30, 1:00 pm ET
    Progressive State Bill Increases Video Competition, Giving Nearly 400,000 North Texas Households With Over 1 Million Potential Viewers Expanded Choice for Television Service
    IRVING, Texas, Sept. 30 /PRNewswire/ -- Verizon today filed for a state-issued franchise from the Public Utility Commission of Texas to offer Verizon FiOS TV service to 21 communities in the Dallas/Fort Worth Metroplex.

    The franchise will accelerate Verizon's rollout of its new TV service to North Texas communities in its service area where fiber deployment is actively under way. By the end of 2006, FiOS TV will be available to nearly 400,000 North Texas households with over 1 million potential viewers.

    In Texas, Verizon has already secured video franchise agreements in the communities of Keller, Sachse, Westlake and Wylie. The application for the state-issued franchise is expected to be approved by the Texas commission in 17 business days.

    The additional deployment in North Texas was announced today by Verizon President and Vice Chairman Lawrence T. Babbio during a speech to North Texas business leaders at the annual meeting of the North Texas Commission.

    "Accelerating our FiOS TV service gives more Texans a true choice for TV service much faster than would have otherwise been possible without the historic passage of Texas Senate Bill 5," said Babbio. "The progressive legislation in Texas streamlines the ability for us to enter the video market and will bring the citizens of Texas innovative video services and better value. Best of all, this new law will encourage -- rather than discourage -- investment in the state of Texas."

    Without such a law, it takes between six to 18 months to negotiate a municipal video franchise agreement, slowing down the ability for consumers to have a choice for video service. In communities where Verizon plans to offer FiOS TV, the company has already been coordinating with city officials to offer public, education and government (PEG) channels as part of its television lineup.

    The opportunity to obtain a state-issued franchise in Texas removes a major barrier to video deployment and represents a significant economic development impact to the region, Babbio said.

    The 21 additional markets where Verizon will offer FiOS TV are the Verizon service areas in: Allen, Carrollton, Colleyville, Coppell, Denton, Double Oak, Flower Mound, Fort Worth, Garland, Grapevine, Hebron, Highland Village, Irving, Lewisville, Lucas, Murphy, Parker, Plano, Rowlett, Southlake and St. Paul.
    http://biz.yahoo.com/prnews/050930/nyf060.html?.v=24

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