Verizon wins Phila FIOS contract [Telecom]

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City Council breathed competition into Philadelphia's cable market yesterday, approving a 15-year franchise agreement with Verizon Communications Inc. that will bring the FiOS network into the city and break Comcast Corp.'s monopoly.

Verizon overcame resistance in Council by offering assurances on minority hiring and committing to rolling out its fiber-optic network evenly across the city over seven years, and the deal passed by a 17-0 vote.

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