Verizon Boosts FiOS Internet Speeds Which Cable Can't Match
NEW YORK ( TheStreet) -- In the midset of its battle with Netflix
Verizon will soon provide data upload speeds equaling download speeds on almost all of its FiOS connections. The new symmetrical speeds offerings mean subscribers will be able to send photos, videos and music as well as back-up all their files at the same speed they receive information over the Internet. The company claims its new upload speeds should help customers like eBay shoppers and online gamers.
New FiOS subscribers will get the upgrade beginning today while current customers will notice the change in the coming months.
Verizon shares were off 0.16% to $50.67 in midday trading in New York.
Technologically, Verizon is able to offer symmetrical service because of its nearly all-fiber network. Cable was originally designed to bring video into homes not vice versa. Currently, cable upload speeds top out around 35 megabits per second. Fiber is much faster but most customers usually care more about download connection speeds.
In addition to upload speed increases downloads are getting a boost too. The cheapest FiOS service plan used to offer 15 megabits downloads and 5 megabits up. The same plan now offers 25 megabits in both directions, allowing files to upload to the Internet in one-fifth the time they normally do. Other new plans offer 50, 75 up to 500 megabits and are usually bundled with television and/or phone service. Verizon has more than 6 million FiOS Internet customers.
When reached by phone, Sanford Bernstein analyst Paul deSa said he believes Verizon's new symmetrical plans are fine for consumers but they might not be the primary target. He thinks the new upload limits will be more advantageous for businesses that will usually make more use of the ability to handle higher upload speeds.
Companies rely on Verizon to be their Internet service providers too. So, with all this speed boosting capabilities you would think Verizon would be universally hailed as technological heroes. But the battle over whether Verizon offers super-fast connections to each and every site on the Internet rages on.
Netflix pays Verizon (and also Comcast
Colin Nederkoorn, co-founder and CEO of Customer.io tested his Netflix connection via FiOS and found the video service was being received at 375kbps or less than 1% of the speed he was paying for.