May 30 Verizon Communications Inc plans
to double its fastest home Internet download speed to 300
megabits per second (mbps) next month, creating what it says
will be the highest-speed U.S. residential service.
Verizon competes with cable operators such as Cablevision
Corp, Time Warner Cable Inc and Comcast Corp
in home Internet services, as well as television.
Verizon said Wednesday that the new 300 mbps speed for
downloading files or streaming video would come with an upload
speed of 65 mbps for sending files from a user's home computer.
The company declined to comment on the price of the new