Verizon (NYSE: VZ) has introduced a new 100 Mbps symmetrical speed tier for its FiOS Quantum service in New York Metro area, a move to lure broadband consumers away from Time Warner Cable (NYSE: TWC) and Cablevision (NYSE: CVC) where it has built out its fiber-to-the-home (FTTH) platform.
Eligible FiOS customers in New York City, Long Island, the northern suburbs and northern New Jersey will be able to get the 100 Mbps symmetrical Internet offering on a standalone basis or as part of a dual-play or triple-play bundle.
The new offering is competitively priced. As a standalone service, the 100 Mbps FiOS Internet service is available for $54.99, while double-play offers begin at $69.99.
Customers that choose a triple-play bundle will pay $89.99 with a two-year price guarantee without a contract. To sweeten the deal for triple-play term-contract customers, the service provider is offering a $300 Visa reward card, an HD Set Top Box for 12 months and a year of fully loaded Premium Channels. After the promotional two-year period, the monthly price for the triple-play bundle will rise by $20 a month.
The 100 Mbps service is just one of several symmetrical speed tiers Verizon offers as part of its Speed Match initiative. It also offers symmetrical speeds of 25, 50, 75, 150, 300 and 500 Mbps. Verizon also recently introduced the 100/100 mbps FiOS Internet option in the Southern California market.
In July 2014, the service provider transitioned all of its qualifying residential customers to the higher upload speeds. There was no additional cost for FiOS customers that transitioned to the new speeds.
Having another symmetrical speed tier will give Verizon a near-term advantage, particularly in areas where it offers FiOS today, with services that cable operators can't offer over their existing DOCSIS platforms today. Although next-gen DOCSIS 3.1 technology will provide greater capacity, cable operators have traditionally struggled to enhance their upload speeds.
- see the release
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