Verizon is offering its fixed wireless and fiber broadband services, including Fios Home Internet, 5G Home Internet and LTE Home Internet, for as little as $25 per month for subscribers with automatic payments and a premium 5G mobile plan. The $25 Fios offer is for the 300 Mbps fiber broadband plan.
The offering seems aimed at taking market share from cable operators. “At a time when Americans are looking more closely at their finances, it’s important to know that you have a new choice for your home internet,” Frank Boulben, chief revenue officer of Verizon Consumer Group, said in a press release about the Verizon $25 internet offer. “You don’t need to stay with an unreliable provider and you don’t have to sacrifice quality to save.”
Cable companies are having success at bundling broadband and mobile, capturing most of the new mobile net adds in recent quarters. In April, a forecast from MoffettNathanson said that by 2025 wireless will comprise 7.2% of Charter’s revenues and 8.2% of Comcast’s.
The firm said that it raised its forecast based on cable company plans for spectrum won in the 2020 CBRS auction, the increasingly favorable nature of the two cable operators’ MVNO agreements with Verizon and the multi-line pricing that makes cable wireless attractive to a broader range of customers.
Verizon also offered new details on its Fios fiber broadband service. They include:
- A four-year price guarantee on 1 Gbps and 2 Gbps plans;
- New 1 Gbps and 2 Gbps plan options where available;
- Symmetrical 300 and 500 Mbps plans available
- A complimentary router rental for all Fios Internet plans;
- Premium plan perks include up to 12 months of Disney+ free (one $7.99/month subscription) and Verizon Cloud Storage and as much as $100 in gaming credits.