Verizon to expand 50Mbps FiOS coverage

— 11:11 AM on June 18, 2008

More consumers will soon be able to sign up for Verizon's 50Mbps FiOS service. Dow Jones reports that Verizon plans to increase the number of eligible homes and small businesses to 10 million next week, unleashing the speedy service across all of its 16-state territory, up from the current six-state coverage.

Don't expect it to be cheap, though. The report says the 50Mbps plan will cost $139.95 a month, and customers will have to sign up for a one-year contract. Still, heavy users should enjoy the ability to download at up to 6.25MB/s, which should be fast enough to grab a 700MB CD image in just under two minutes and a 4.38GB DVD image in less than 11 minutes. For those with tighter budgets, Verizon plans to increase connection speeds for its basic and middle tiers, as well.

Verizon isn't the only one to offer a 50Mbps service. Comcast kicked off a 50Mbps cable Internet trial in the Minnesota Twin Cities area back in April, and it reportedly plans to offer the package across its "entire service region" by 2010. At launch, the Comcast service cost $150 a month for home users and $200 a month for small businesses.

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