Concerned that New York regulators will turn a jaundiced eye to its plan to wring $900 million in savings out of Cablevision, Europe's Altice is quietly pledging to bring fiber-to-the-premises to New York City, the New York Post said.
According to the report, which cites unnamed sources, Altice executives have talked to the New York City Department of Information Technology and the Public Service Commission. Alice is reportedly using as examples its success in building out high-speed broadband services in France and Portugal.
Altice agreed to pay $17.7 billion to acquire Bethpage, N.Y.-based Cablevision. In the process, it promised investors aggressive budgetary streamlining that will certainly entail job cuts, when and if the deal closes, as expected, in 2016.
Cablevision (NYSE: CVC) currently serves 3.1 million customers in the New York City area.
Altice declined to comment to the Post on its report, and didn't immediately respond to questions on the topic from FierceCable.
In 2008, Verizon Communications (NYSE: VZ) promised to deliver U-verse fiber connections to anyone who wanted them in the Big Apple. But a report released in June by the city's Department of Information Technology and Telecommunications found that of more than 40,000 requests made for the service, 75 percent remained unfulfilled for 12 months or longer.
New York Mayor Bill de Blasio followed that report with a blistering memo of his own in July, accusing Verizon of failing to live up to the terms laid out in its 2008 franchise agreement.
For its part, Verizon has blamed NYC landlords with impeding its ability to deploy the needed fiber lines.
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