Verizon settles lawsuit with NYC with pledge to bring FiOS broadband to 500,000 more households [telecom]

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The city of New York has reached an agreement with Verizon regarding a lawsuit launched in 2017 against the operator for failing to deliver on its promise to bring fibre broadband to the whole city. The fibre pledge was part of a franchise agreement signed by Verizon with the city in 2008. During an audit conducted in 2017, the city found that over 40,000 requests for service were still pending, most of which had been outstanding for 12 months or longer.