The US telecoms giant is now offering the fastest mass-market fibre optics service (FiOS) broadband package. The new service delivers download speeds of 150Mbit/s and upload speeds of 35Mbit/s. This is easily the fastest FiOS offering in the market with the previous fastest offering being at 50Mbit/s download and 20Mbit/s upload.
Verizon is offering the new fast service to most of the 12.5 million homes that the FiOS network passes. The operator is also planning to launch a SME offering for the 150M/35M service in December of this year; however there are no prices available yet for the SME service.
Please see details of the Verizon offer below:
- FiOS Internet with Voice service $194.95 – 12 months contract
- FiOS Internet with Voice service $209.99 – no minimum contract
- FiOS Internet without Voice service $199.99 – 12 months contract
- FiOS Internet without Voice service $214.99 – no minimum contract
Verizon also charges an activation charge of $49.99 and customers who opt for no minimum contract are charged an installation fee of $79.99
With the monthly rentals for the new services being so steep it is not likely that residential customers will be running to the shops trying to get this service. But they need not fret as Verizon is still maintaining its other FiOS Internet lower speed services of 50M/20M, 25M/25M and 15M/5M.
Verizon will maintain its other FiOS Internet tiers of 50/20, 25/25 and 15/5 Mbps. FiOS Internet packages of 35/35 Mbps, 25/25 Mbps and 15/5 Mbps will continue to be available in double-, triple- and quadruple-play bundles with FiOS TV, FiOS Digital Voice and/or Verizon Wireless service.
However, the question is how long to wait until Verizon’s competitor’s increase the speed of their services, bringing down the monthly rental with increased competition?
Teligen monitors price developments of this sort in its quarterly updates of T-Connect http://www.strategyanalytics.com/default.aspx?mod=NavigationHeader&a0=1562
Jóhanna Helgadóttir – Senior Consultant – jhelgadottir@strategyanalytics.com