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Chief Operating Officer Tom Rutledge said the new network,
which will be completed within the next two years, will be
accessible via Wi-Fi-enabled portable devices such as iPhones
and laptops.
"Ultimately it will be a mobile voice-capable network,"
said Rutledge.
He said the network will be accessible for free to existing
customers but that as average customer revenues and cash flows
rise the company would benefit by offering a more comprehensive
service for customers.
"Creating this value proposition for customers will enhance
our service and cement our relationship with customers for the
long haul," said Rutledge.
"It will allow us to offer our services beyond our
network," he added.
Cablevision said it has been testing the service, which
will have speeds up to 1.5 megabits per second, comparable to
traditional wireless networks, in small areas across its 3.1
million-strong customer base.
Cable companies have been investigating ways to extend
their video, Internet access and phone services beyond their
traditional cable operations with a wireless strategy in a bid
to fight off competition from phone companies' wireless
services.
News of Cablevision's wireless plans comes after larger
cable companies Comcast Corp (CMCSA.O) and Time Warner Cable
Inc (TWC.N) teamed up with wireless companies Sprint Nextel
(S.N) and Clearwire Corp (CLWR.O) in a new $14.5 billion
wireless venture that will use WiMax technology.
Cablevision shares were up 10 cents at $23.85 on the New
York Stock Exchange.
(Reporting by Yinka Adegoke; Editing by Brian Moss)
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