Following in Google?s footsteps, Time Warner announced Tuesday it will be investing $25 million in expanding its fiber broadband service to businesses in New York City.
Google recently announced plans to bring its 1Gbps fiber service to Kansas City, Kan. and Kansas City, Mo., targeting consumers. The company has divided the cities up into ?fiberhoods.? In order to be eligible for the service, the majority of the residents in an area must be ready to sign up for the service. After a $300 installation fee, they?ll be speeding along at data speeds much faster than neighboring areas for a fraction of the cost.
Time Warner is taking a different approach, targeting businesses rather than consumers. Aligning with NYC?s desire to attract businesses based in the communications industry, the service will provide data speeds of up to 1Gbps to data-heavy businesses who need it.
?We are very pleased to work with the City of New York to make significant investments to ensure that this city has the technology infrastructure to successfully compete in a worldwide marketplace,? said Ken Fitzpatrick, president of Time Warner Cable Business Class, East Region in a statement.
?Our fiber optic network provides dedicated Internet access at incredible speeds and high-bandwidth capabilities to serve the communications needs of any business.?
On the consumer side of things, Google is charging customers $70 a month for fiber Internet, while Internet along with television will cost about $120. The company is also offering a free option for some customers who pay the $300 installation fee. It will also be giving customers who sign up for the television service a Nexus 7 tablet to use as a remote.
Time Warner has yet to announce pricing for its fiber Internet service.
Source: http://mashable.com/2012/08/28/time-warner-25-million-1gbps-fiber-network/
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