State Commission Approves Verizon's Video Franchise in NYC

The New York State Public Service Commission (PSC) on Wednesday confirmed the agreement between Verizon and the City of New York for the telecommunications company to provide FiOS TV service to all five boroughs of the city. The PSC's confirmation clears the last regulatory hurdle for Verizon to begin selling the FiOS TV video service to some 3.1 million city residents. In the Big Apple, the telco will compete with Time Warner Cable, Cablevision Systems and RCN.