Telecom & Wireless
Verizon (VZ) Ups Broadband Speed, But Who Will Know?
Published:
Verizon (VZ) is going to make its FiOS fiber-to-the-home product deliver even faster broadband speeds. It is hard to imagine that their customers will even know.
The new product will run at 50 Mbps. According to The Wall Street Journal, "a person could download a high-definition movie in 13 minutes."
But, how many people really want to do that.
The broadband connection speed war between cable and TV companies is escalating. That means that the firms will add billion of dollars to capex to "keep up with the Jones".
For most people, a fast connection allows them to watch video and get web pages loaded quickly. Receiving high-def films to watch on a PC screen is probably never going to be a big business.
But, the future is coming, so Verizon might as well dump money into the project in case anyone cares.
Douglas A. McIntyre
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