Verizon Communications Inc. (NYSE:VZ) has increased the upload speed of its FiOS subscribers and Google Inc (NASDAQ:GOOGL) is mulling joining a group of companies which plan to turn outdated public telephone booths in New York City into advertising and Wi-Fi spots, Scarlet Fu reported in a segment on Bloomberg Television.
According to Fu, Verizon Communications Inc. (NYSE:VZ) has seen that its subscribers need more speed. She explained:
“Verizon says it sees its users’ need for speed. Starting today, the company is boosting upload power on most FiOS connections. That would shorten the amount of time needed to send videos or backup files online. The change takes advantage of Verizon’s all-fiber network.”
Verizon Communications Inc. (NYSE:VZ) has upped its upload speeds by matching its FiOS connection download speeds. For example, the fastest plan now has 500Mbps downlink and uplink speeds compared to the previous 500Mbps downlink and 100Mbps uplink.
Reports say that new Verizon Communications Inc. (NYSE:VZ) customers will be able to experience the new upload speed on FiOS while existing customers will get the new speeds after the company completes its rollout.
Meanwhile, Google Inc (NASDAQ:GOOGL) is said to be mulling to join a project that will turn New York City phone booths into hubs of free Wi-Fi, advertising and phone calling.
According to Fu, Google Inc (NASDAQ:GOOGL) is expected to turn in a bid for the project in the Big Apple today. She said:
“Phone booths may not go the way of the buggy after all, maybe. Google and other tech firms say that they can bring [phone booths] into the 21st century. Bids on the plan are due today in New York City. It would provide free Wi-Fi at over 7,000 public phone sites. Cisco, Samsung and IBM might join Google in this bidding.”
Google Inc (NASDAQ:GOOGL) joined a meeting sponsored by the New York City Department of Information Technology and Telecommunications in May where interested companies were briefed on the project.
Watch the report below where the revival of the Walkman was also reported aside from the Google Inc (NASDAQ:GOOGL) and Verizon Communications Inc. (NYSE:VZ) news.
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