Verizon Brings Its Super-Fast FiOS Internet Services to New York's Stuyvesant Town and Peter Cooper Village

NEW YORK - Residents of Stuyvesant Town and Peter Cooper Village, one of the largest apartment complexes in the city, will soon have access to the most advanced broadband technology available, under an agreement announced Monday (March 24) by Verizon and Tishman Speyer, the complex's owner and manager.

Verizon FiOS Internet service is now available in seven buildings in the 110-building complex, and more buildings will be provisioned for service in the weeks and months ahead. FiOS delivers Internet access with maximum downstream connection speed of up to 50 Mbps (megabits per second) on the nation's most advanced digital, all-fiber-optic network. At 50 Mbps, downloading a 1.2 GB (gigabyte), or 90-minute, standard-definition movie takes approximately 3.2 minutes. Upload speeds of up to 20 Mbps make modern video and file-sharing a snap over the nation's only large-scale fiber-optics network that extends all the way to customers' homes or small and medium-sized businesses. Using a 20 Mbps upstream broadband connection, a person could upload a 250 megabyte (MB) file or a 3,500 page document in about 90 seconds, compared with about 47 minutes over a 768 kilobits per second (kbps) upstream connection.

Eric Cevis, vice president of Verizon Enhanced Communities, said, "Bringing Verizon FiOS Internet services to Stuyvesant Town and Peter Cooper Village is the single largest urban agreement we've undertaken to date. We have an aggressive plan to bring our FiOS Internet service to all the buildings in the complex in a short period of time."

[NOTE: Downloadable photos of the Verizon announcement and a video of Cevis discussing it are available at http://verizon.mediaseed.tv]

Stuyvesant Town and Peter Cooper Village are located on 80 acres -- stretching from First Avenue to Avenue C, between 14th and 23rd streets, in Manhattan -- and contain 11,232 apartments.

According to Tishman Speyer, bringing FiOS Internet service to the complex reflects the company's desire to seamlessly build upon the historic charm and amenities of the properties by providing appealing, cutting-edge services.

Recent upgrades at Stuyvesant Town and Peter Cooper Village include a state-of-the-art fitness center; shuttle service to the financial district and midtown; digital signage displays in all lobbies; and video intercoms. The community also contains acres of landscaped green space; seven staffed playgrounds; eight recreation areas; and Stuyvesant Oval, a common space that serves as an idyllic venue for numerous cultural events throughout the year.  Together, Tishman Speyer and Verizon will host a concert series featuring an array of exciting artists and a range of additional eclectic events, starting later this year.

Andy Perdek, regional sales manager of Verizon Enhanced Communities, said, "We've developed a good relationship with the team at Tishman Speyer, and together we'll be bringing a superb network infrastructure to the communities' residents." 

The plans for FiOS at Stuyvesant Town and Peter Cooper Village reflect the competitive advantage Verizon's fiber-to-the-premises (FTTP) network offers developers in marketing their properties.

Verizon's FiOS Internet service in New York offers download speeds of up to 10, 20 and 50 Mbps and upload speeds of up to 20 Mbps, the fastest upload speed available in the market. Verizon is constructing its all-fiber-optic network in parts of 17 states. Currently, Verizon offers FiOS Internet service in many parts of the five boroughs of New York as well as other communities throughout the state.

FiOS TV service is available in parts of Westchester, Rockland and Orange counties, and on parts of Long Island. Verizon intends to expand its video service offering in the state as it obtains video franchises in other markets.

FiOS Internet was named to the top five of PC World Magazine's 100 Best Products of 2007 - a roster of what the magazine called "the finest products and services of the past 12 months," selected "based on exemplary design, features, performance and innovation."  Readers of PC World and Computerworld magazines recently ranked FiOS Internet No. 1, with top scores across the board in overall satisfaction, connection reliability, download and upload speeds, customer service, and technical support. 

Additionally, Verizon is the only major telecom company whose network has earned the certification of the independent Fiber to the Home Council for providing fiber all the way to customers' homes.

Customers waiting for Verizon FiOS Internet to become available can sign up for the month-to-month Verizon High Speed Internet service with a maximum downstream connection speed of up to 3 Mbps for $29.99 per month. Verizon will notify customers as soon as FiOS is available in their building; customers can obtain more information by calling (their local area code)-890-1550.

Information on packages and prices for Verizon FiOS is available at www.verizon.com/fios. For more information about the products and services available through Verizon Enhanced Communities, visit www.verizon.com/communities.

Verizon Enhanced Communities is the Verizon business organization that markets and sells communications services to single- and multiple-home properties. Verizon Enhanced Communities received the Cornerstone Award from Broadband Properties Magazine acknowledging  the organization for outfitting a 300-unit, eight-building residential community with Verizon's FiOS all-fiber-optic network services in just 14 days. 

Verizon Communications Inc. (NYSE:VZ), headquartered in New York, is a leader in delivering broadband and other wireline and wireless communication innovations to mass market, business, government and wholesale customers.  Verizon Wireless operates America's most reliable wireless network, serving nearly 66 million customers nationwide.  Verizon's Wireline operations include Verizon Business, which delivers innovative and seamless business solutions to customers around the world, and Verizon Telecom, which brings customers the benefits of converged communications, information and entertainment services over the nation's most advanced fiber-optic network.  A Dow 30 company, Verizon employs a diverse workforce of nearly 235,000 and last year generated consolidated operating revenues of $93.5 billion.  For more information, visit www.verizon.com.

Stuyvesant Town
Bordered by the East Village and Union Square, Stuyvesant Town offers downtown access with enough space for real living. Apartments feature large rooms and high ceilings and spill out onto lawns for sunbathing and surfing the web via Wi-Fi. Recreation areas from soccer fields to basketball courts, and paths for biking and running surround the property. The Oval is home to numerous public events including a weekly greenmarket and a concert series.  For more information, visit www.stuytown.com 
Peter Cooper Village
Peter Cooper Village residences are elegantly appointed, with grand layouts and walk-in closets, stainless-steel kitchens, and marble bathrooms.  Together with the property's concierge service and spectacular park setting with 7 playgrounds and 8 recreation areas, the homes at Peter Cooper Village will Redefine Manhattan Living.  For more information, visit www.petercoopernyc.com.