Continental covets phone biz

Continental Cablevision, the nation’s third largest cabler and the largest in Los Angeles, said it will invest at least $700 million in California to convert its existing cable systems into broadband telecommunications networks.

In a petition filed with the California Public Utilities Commission, the Boston-based cabler said it is seeking permission to offer local telephone service in 10 counties.

Continental’s proposed telco service areas are the counties of Los Angeles, Orange, Fresno, Kings, Madera, Riverside, San Joaquin, Sutter, Tulare and Yuba, where the cabler has the bulk of its operations.

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