[telecom] Verizon Raises FiOS Prices, Speed

Verizon Raises FiOS Prices, Speed

By THOMAS GRYTA June 18, 2012

Verizon Communications Inc. raised prices and increased the speeds for its home Internet service, making data a bigger part of consumers' monthly bill for phone, television and broadband service.

The New York-based telecom company estimated the move would add about $10 to $15 per month to the average customer's data bill but noted that users may be able to adjust their television packages to pay roughly the same monthly total that they pay now. Some customers already have cut or scaled back their pay-TV bill and now use their Web connection to watch TV.

The data bill for Verizon's FiOS customers will be based on the network's speed, as set by the customer. Faster speeds will cost more money. Focusing on the speeds allows Verizon to charge more to those who demand more from the network and provides the company with an easy way to adjust prices as Internet habits change.


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