One sign Verizon (VZ) is making progress building out FiOS in Manhattan: on Friday they started work wiring a huge 1,728-apartment coop on the Lower East Side.
Even though Verizon has the green light to provide TV service in Manhattan, it will take years to penetrate the myriad local bureaucracies (like coop boards) to become a real competitor to Time Warner Cable (TWC) and RCN (RCN).
Yet, once they do clear the bar in big buildings, they can quickly wire hundreds of apartments. What's more, many buildings prohibit satellite dishes, meaning in Manhattan, Verizon becomes one of three choices for pay TV.
See Also:
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