VZ FiOS vs. CableVision in Metro NY

Great article about cable versus telco. Interesting numbers:

• Cable has 62 million TV subscribers
• "VZ generated revenue of $75 billion last year, more than all cable operators combined."
• VZ will have passed 6M homes by year's end and only have 46,000 IPTV customers
• $70 billion - how much MSOs spent in the last decade to upgrade its networks
• They still have that debt lying around
• "Verizon's 47 million local lines as of June 30 are down 7.4% from that point last year."
• FiOS: "is a play to make sure they're not irrelevant"
• FiOS, at a cost of nearly $900 per home passed.
• "When someone signs up, Verizon spends $715 more for the typical five-hour, two-person job to tie the home to the system."
• "At the pace Verizon is rolling out service, Bear Stearns estimates that Cablevision subscriber losses will be about 2.1% by 2010. In a mature industry lacking subscriber growth, that's worth a fight."
• One of the bigger losers in the telco-cable battle is DirecTV and DISH. Hurting.