Verizon Raises Prices On Faster FiOs Quantum Web Service

Verizon Communications is raising prices as it doubles Internet speeds with FiOS Quantum, a new offer debuting the company’s fastest Web service to date.

Verizon, the second-largest U.S. phone company, is emphasizing faster speeds as part of its new FiOS broadband Internet, television and phone service bundles as it seeks an edge against cable providers. The higher-speed offerings also come with higher prices aimed at users with multiple Internet devices and more bandwidth-hogging applications. Verizon, based in New York, says that beginning on June 18 customers can pick from five speeds starting at 15 megabits per second, which remains the same price at $99 a month for triple play, and topping out at 300 megabits per second for an Internet-only service for $204.99 with a two-year contract, according to a statement.