Verizon Communications (NYSE: VZ) reportedly is preparing to announce a broader rollout of its home monitoring and control service that will be priced at $9.95 per month. Light Reading reports from the FTTH Council Conference 2011 in Orlando that the announcement could be scheduled for Oct. 11, which would make it about 10 months after the telco primed the market for the service by announcing trial plans and a connected home strategy at the Consumer Electronics Show last January.
Click here to see Verizon's home monitoring & control demo at CES
Verizon has been circling the growing home monitoring services sector for well over two years, and among its moves was an investment in home automation company 4Home in 2010. The new service looks to be based on 4Home's Z-wave wireless technology, which allows up to 200 devices and modules throughout a home to be connected to the network through a Z-wave gateway. The gateway and client modules will be sold separately, reportedly ranging in cost from $69.99 to $219.99.
Despite the additional cost for equipment, the service itself appears to be competitively priced against offerings from traditional home security companies and other firms entering the increasingly active sector. Other telecom service providers include Comcast (Nasdaq: CMCSA), SureWest Communications (Nasdaq: SURW) and Canada's Rogers Communications (NYSE: RCI). The telecom industry's Home Gateway Initiative also has been working on standards to support the entry of more broadband carriers into the market.
For many broadband service providers, home monitoring and control packages could be yet another revenue generator traveling over their residential broadband connections, thus increasing their revenue per broadband user. In the early going, Verizon will offer the home monitoring service to its FiOS and DSL broadband customers, though in the long-term, the service reportedly will be sold as a standalone offering.
-see this Light Reading report
Verizon outlined its home monitoring plans last winter
The Home Gateway Initiative has been working on standards
SureWest launched home monitoring in 2008