A few days ago, Verizon Wireless had pledged that it would invest about $300 million over the half decade or so in order to lay 800 miles of FiOS cable in the city of Boston in Massachusetts, essentially putting itself in a nice position to go toe to toe with Comcast in providing home fiber services to the residents of Bean Town. But apparently, there is another reason for the Big Red’s decision to select Boston, and it has something to do with its extensive 5G plans.
The default speed of Verizon Wireless’ FiOS Internet service is now at 50 mbps. This piece of news comes as the growth of new subscribers for the Big Red’s feature is starting to slow down.
As explained by Fran Shammo, the chief financial officer of the biggest wireless carrier in the United States, during a recent fourth quarter earnings call, more and more mobile users, particularly subscribers of Verizon Wireless, are electing to subscribe to higher data speeds. This serves as a sort of indication that mobile users of today are truly getting more reliant on the Internet and are obviously requiring more data and improved data speeds.
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