Cablevision will spend more than $300 million on rolling out WiFi technology in the New York metro area and on Long Island over the next two years as it intensifies its battle with Verizon for control of one of the largest markets in the U.S., the company said as it released first quarter earnings today. Cablevision COO Tom Rutledge told analysts on the call that more than half the homes in its coverage area subscribe to its Internet service, which gives the company enough "critical mass" to offer a wireless broadband service. The service provider said the network could make use of its existing infrastructure but would cost the company about $100 per subscriber.
For more on Cablevision's plans:
- read this article from the New York Times