Verizon investing $300 million to revive its FiOS services in Boston (Photo : Getty Images/Spencer Platt)
Verizon is bringing its FiOS service back online as the enterprise is planning a $300 million investment to give fiber access Bostonians. The high-speed internet and TV service will begin deployment starting from Dorchester, West Roxbury and Dudley Square, Hyde Park, Mattapan and other areas of Roxbury and Jamaica Plain areas.
Verizon FiOS services are going to get an immense boost with $300 million, which will be invested over the period of next six years to expand the fiber internet and pay-TV network. This will not only compensate for lack of these services in the Northeast, but also create a formidable competition for likes of Comcast, Fiercable reported.
As the part of the plan, Verizon is going to refurbish its existing network system in major regions including Dorchester, West Roxbury and Dudley Square. To provide faster internet connection and TV streaming, the new FiOS network will employ fiber instead of copper wires.
Boston has promised to provide fast processing of agreements and permit for the franchise, Verizon explained in a press release. During last ten years, the company has already given away 23 billion dollars in the establishment of existing FiOS network located in over a dozen states that includes video, internet and phone services.
Approximately, FiOS is boasting over 7 million and 5.8 million internet and pay-TV subsribers respectively. The figures are comparatively low for cable subscribers due to high competition in the cable market and according to city officials, nearly 90 percent people in the city have only Comcast, HIS and pay-TV as available options.
It is worth noticing that Verizon is made this announcement when the company promoted prompted senator Bernie Sanders to straighten their facts company's tax payments. Sanders, who is also Presidential hopeful from Democratic league had previously commented that Verizon had "not paid a nickel" in taxes.
The senator made the statement on Monday during a campaign at the University of Buffalo. Verizon complies with all tax laws and pays the taxes it owes under the law," Verizon's official blog clarified. The blog further added that the corporation had paid a total $16.89 billion dollar in taxes includes income, employment, property and other taxes. The following video shows speech of senator Sanders on the subject.
