Verizon today announced the launch of the Fios Gigabit Connection service. Despite the fact that it carries the “Gigabit” moniker, the speeds are actually slightly lower. Verizon is promising download and upload speeds of 940 MBps and 880 Mbps respectively which is nothing short of impressive. The new service is going to be an upgrade to Fios Instant Internet which already offers 750 Mbps upload and download speeds.

Verizon is going to charge $69.99 per month for this service standalone and $79.99 per month when ordered with the triple play bundle online.

This launch follows that of the Fios Instant Internet service back in January. Instant Internet customers regularly see actual speeds well over the advertised upload and download speeds of 750 Mbps.

Verizon has spent this time fine-tuning the service with new firmware and diagnostic tools in order to increase performance further. The result is Verizon’s new Fios Gigabit Connection service.

Customers in a handful of markets including but not limited to New York, Boston, Washington, D.C., and others can now sign up for the Fios Gigabit Connection from Verizon. In markets where this service is now available, Verizon offers tow tiers of standalone internet service.

Customers can get 50 Mbps for $39.99 per month and the near-gigabit connection for $69.99 per month. All existing customers with the Instant Internet service will automatically receive Fios Gigabit Connection and will also see their bills lowered.

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