Cablevision Systems plans to announce Tuesday that it has passed 1 million homes in its New York metropolitan area footprint with its Optimum Voice telephone service.
The milestone is significant for both Cablevision and the cable industry as a whole, as operators are beginning to compete with Verizon Communications, AT&T and other companies in the phone business.
Cablevision said one-third of its basic-cable-TV homes have subscribed to Optimum Voice. In addition, the MSO estimated that Optimum Voice -- which costs about $30 monthly for the first year if customers order it as part of a bundle of digital cable and high-speed Internet -- has saved Cablevision customers $500 million over the life of the service compared with what they would pay for service from Verizon and other telcos.
Cablevision -- which leads the cable industry with a digital-cable-penetration rate of more than 70% of homes -- said it has now penetrated 22% of homes passed in its footprint in New York, New Jersey and Connecticut with Optimum Voice.