From December businesses and consumers on Verizon's FiOS network will be able to sign up for 150 megabits per second downstream and 35 Mbps upstream connections for $194.99 a month based on a yearly contract.
"By offering the fastest mass-market Internet service in the nation, we're supporting the immediate and future speed needs of bandwidth-hungry consumers," said Eric Bruno, Verizon vice president of product management.
"The new 150/35 Mbps FiOS Internet offer establishes a new benchmark for high-speed Internet in America, and paves the way for a flurry of emerging bandwidth-intensive applications to reach mainstream status."
In all residents in 12 US states, plus the District of Columbia, will be able to access the service.
The South Koreans may laugh at such an expensive service but it's an important step forward, and one other telecommunication companies need to make. The US is falling seriously behind its competitors in freely available broadband speed.
Google is already rolling out its first open fibre networks and American telcos face a tough choice - hold onto shrinking markets or open up fibre networks to all.
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