On January 14th, Verizon (NYSE:VZ) plans to roll out Fios Instant Internet, a new broadband service with symmetrical speeds of 750 Mbps. The fiber-to-the-home (FTTH)-based Internet service will be available to nearly 7 million homes and businesses in greater New York City/northern New Jersey, Philadelphia and Richmond, with more markets scheduled to follow in 2017.
"No Internet service provider has come close to offering upload and download speeds like these at such a massive scale as Fios Instant Internet," said Ken Dixon, president of Verizon's consumer landline business. "Ever since we decided to build the nation's largest 100% fiber-to-the-home network 14 years ago, we've been saying that it is a future-proof technology. The future is now here with Fios Instant Internet."
After the initial launch, Fios Instant Internet will be available in portions of Boston and Norfolk later in the first quarter. Prices for consumers start at $149.99 a month for standalone service and $169.99 a month for a triple-play bundle with TV and landline phone service.