If you’ve been interested in Verizon’s fiber-powered Fios service but have been hesitant to sign up for a recurring subscription, you may be in luck. This week, the company announced that it will begin offering pay-as-you-go packages that include Fios TV, Internet and phone service. Rather than putting down a deposit and signing up for an annual contract, customers can pre-pay each month with a debit card online, or with cash at kiosks in Verizon Wireless stores.
So how much does the pre-paid service cost?
$60 gets you a month of Fios Internet with 25Mbps download and upload speeds. Customers can also add TV and phone service for $40 and $10 per month, respectively. According to Verizon, the pre-paid plans are available in any location that their Fios service is currently available.
This is the latest shakeup Verizon has made to its Internet packages in recent months, but it’s certainly not the only one. In fact, all of the “Big Four” wireless carriers have reintroduced unlimited data plans in recent months. Competition between these telecom companies is at an all-time high, and that fierce competition may benefit consumers most of all. Once Verizon unveiled its revamped unlimited data plan, the other three major wireless carriers—AT&T, Sprint and T-Mobile—were quick to follow suit.
After years of being frustrated by a lack of choice when it comes to Internet service, consumers are suddenly being treated to a host of new options from the nation’s biggest telecom companies. Hopefully, this competitive trend will force ISPs and wireless carriers to continue to offer more varied, affordable Internet options in the future.