Verizon Launches 500 Mbps FiOS Internet Service

Today, Verizon (NYSE: VZ  ) launched a new Quantum FiOS Internet tier that clocks in at 500 megabits per second for download speeds and 100 Mbps for uploads -- the fastest Verizon has ever offered. The company said in a press release that users can download a two-hour 5GB HD movie in about 1.4 minutes.

Bob Mudge, Verizon's president of the consumer and mass business group, said in a statement that the company's users "want to stream movies on myriad devices, share tons of pictures and home videos, and send big work files so they don't skip a beat when they're working from home or growing their business. Our all-fiber-optic network lets them do it all at the same time."

The 500 Mbps speed is significantly higher than the average Internet speed most American households have, which is about 15.6 Mbps, according to the FCC.

Verizon said the new speed tier is available in all parts of its FiOS market, although it won't be available to all customers in those areas until 2014. The 500 Mbps speed tier starts at $309.99 per month when bundled with other services and a two-year contract. Small businesses can order the service as a standalone feature for $369.99 per month with a two-year contract. 


Read/Post Comments (2) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On July 23, 2013, at 4:58 AM, jayss wrote:

    Google Fiber offers twice the speed in download and ten times the speed in upload for only $70/month. How much longer can companies like Verizon keep robbing people blind before they start demanding prices and speed like you get in the Fiber cities?

  • Report this Comment On July 23, 2013, at 5:49 AM, Marc156 wrote:

    Google Fiber is all well and good but the only place you can get it right now is KS... what about the rest of us!

Add your comment.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2550120, ~/Articles/ArticleHandler.aspx, 10/21/2014 11:16:37 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement