Officials of Basking Ridge-based Verizon said they intend to build over the next six years a high-speed fiber-optic network, opening a potential market of 3.3 million homes in the city's five boroughs.
Sales of the service in Manhattan, marketed under the FiOS brand name, will start later this year, they said.
The network would give the company capacity to package TV, high-speed Internet connections and phone lines to compete with Time Warner Cable, Cablevision Systems Corp. and other companies.
"With the introduction of direct competition among cable companies, prices and service levels would reflect real market forces, and New York City customers would be the beneficiaries," said Deputy Mayor Robert Lieber, president of the city Economic Development Corp.
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