In addition, Verizon will continue to offer its entry-level speed of 15/5 Mbps. The other speeds in the company's current FiOS Internet portfolio are 25/25, 35/35 50/20 and 150/35 Mbps. Pricing for the new portfolio will be announced by Verizon next month.
Verizon said that the majority of its customers will be able to order the two fastest-speed options of 150 and 300 Mbps, which require customers to be connected via a GPON (gigabit passive optical network) terminal. For existing Verizon's customers who have a BPON (broadband passive optical network) terminal and qualify for the GPON service, the installation of a new GPON terminal will be required.
Verizon's new 300 mbps speed for downloading would come with an upload speed of 65 mbps.
The company declined to comment on the price of the new service.
Verizon competes with cable operators such as Cablevision Corp and Comcast Corp in home Internet services, as well as television.