According to reports, Verizon is looking to raise speeds on their FiOS broadband network, but at a price.
The speed bump will hit all four tiers of the service, with the mid-end 25Mbps download tier being bumped to 50Mbps and the 35 Mbps service hopping to 75 Mbps downstream.
On the low end, the 15Mbps service seems to be unchanged, as is the extremely fast 150Mbps high-end tier. If accurate, Verizon is looking to offer a 300 Mbps tier, as well, which would blow away any current competitors.
The reports claims the changes could be coming as soon as June 18th but Verizon has not commented.
Even if the speed increases don't come to fruition, consumers are almost guaranteed to see the price jump: "I think that you'll see us do some price increases here over the next two quarters," says CFO Fran Shammo.
On the low end, the 15Mbps service seems to be unchanged, as is the extremely fast 150Mbps high-end tier. If accurate, Verizon is looking to offer a 300 Mbps tier, as well, which would blow away any current competitors.
The reports claims the changes could be coming as soon as June 18th but Verizon has not commented.
Even if the speed increases don't come to fruition, consumers are almost guaranteed to see the price jump: "I think that you'll see us do some price increases here over the next two quarters," says CFO Fran Shammo.
