STOCK TITAN

Verizon to expand high-speed Fios internet in Rhode Island

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags

Verizon (NYSE, Nasdaq: VZ) plans to expand its Fios high-speed broadband service to over 3,000 underserved addresses in Jamestown and Westerly, Rhode Island. This expansion, in partnership with the Rhode Island Commerce , includes $3.6 million in funding from the American Rescue Plan Act (ARPA). The project will deploy more than 54 miles of fiber, offering plans with speeds of at least 300 Mbps starting at $35 per month when bundled with a Verizon mobile plan. Select areas will have access to Fios 2 Gig plans for $84.99 per month. Construction is expected to be completed by the end of 2026, bringing reliable internet service to power how residents work, live, and play in underserved parts of the state.

Verizon (NYSE, Nasdaq: VZ) prevede di espandere il suo servizio di broadband ad alta velocità Fios a oltre 3.000 indirizzi sottoserviti a Jamestown e Westerly, Rhode Island. Questa espansione, in collaborazione con il Rhode Island Commerce, include un finanziamento di 3,6 milioni di dollari dal American Rescue Plan Act (ARPA). Il progetto prevede l'installazione di oltre 54 miglia di fibra, offrendo piani con velocità di almeno 300 Mbps a partire da 35 dollari al mese quando abbinati a un piano mobile Verizon. Alcune aree selezionate avranno accesso ai piani Fios 2 Gig per 84,99 dollari al mese. La costruzione dovrebbe concludersi entro la fine del 2026, fornendo un servizio internet affidabile che potenzia come i residenti lavorano, vivono e si divertono nelle aree sottoservite dello stato.

Verizon (NYSE, Nasdaq: VZ) planea expandir su servicio de banda ancha de alta velocidad Fios a más de 3,000 direcciones desatendidas en Jamestown y Westerly, Rhode Island. Esta expansión, en asociación con Rhode Island Commerce, incluye 3.6 millones de dólares en financiamiento del American Rescue Plan Act (ARPA). El proyecto desplegará más de 54 millas de fibra, ofreciendo planes con velocidades de al menos 300 Mbps a partir de 35 dólares al mes cuando se combinan con un plan móvil de Verizon. Algunas áreas selectas tendrán acceso a los planes Fios 2 Gig por 84.99 dólares al mes. Se espera que la construcción esté completada para finales de 2026, brindando un servicio de internet confiable que potencia cómo los residentes trabajan, viven y se divierten en partes desatendidas del estado.

Verizon (NYSE, Nasdaq: VZ)는 Fios 고속 인터넷 서비스로드아일랜드의 Jamestown 및 Westerly에 있는 3,000개 이상의 혜택을 받지 못한 주소로 확장할 계획입니다. 이 확장은 로드아일랜드 상공회의소와의 파트너십을 통해 이루어지며, 360만 달러의 자금 지원이 미국 구제 계획법(ARPA)에서 포함됩니다. 이 프로젝트는 54마일 이상의 섬유망을 배치하고, Verizon 모바일 요금제와 함께 묶을 경우 월 35달러부터 시작하는 300Mbps 이상의 속도를 제공하는 요금제를 제안합니다. 일부 지역은 Fios 2 기가 요금제에 월 84.99달러에 접근할 수 있습니다. 건설은 2026년 말까지 완료될 것으로 예상되며, 주의 혜택을 받지 못한 지역 주민들이 일하고, 생활하고, 놀 수 있는 신뢰할 수 있는 인터넷 서비스를 제공할 것입니다.

Verizon (NYSE, Nasdaq: VZ) prévoit d'élargir son service de haut débit Fios à plus de 3 000 adresses mal desservies à Jamestown et Westerly, Rhode Island. Cette expansion, en partenariat avec le Rhode Island Commerce, inclut 3,6 millions de dollars de financement du American Rescue Plan Act (ARPA). Le projet déploiera plus de 54 miles de fibre, offrant des plans avec des vitesses d'au moins 300 Mbps à partir de 35 dollars par mois lorsqu'ils sont associés à un plan mobile Verizon. Certaines zones sélectionnées auront accès aux plans Fios 2 Gig à 84,99 dollars par mois. La construction devrait être terminée d'ici fin 2026, apportant un service Internet fiable qui dynamise la manière dont les résidents travaillent, vivent et se divertissent dans les parties mal desservies de l'État.

Verizon (NYSE, Nasdaq: VZ) plant, seinen Fios Hochgeschwindigkeits-Breitbanddienst auf über 3.000 unterversorgte Adressen in Jamestown und Westerly, Rhode Island auszuweiten. Diese Erweiterung erfolgt in Partnerschaft mit dem Rhode Island Commerce und umfasst 3,6 Millionen Dollar an Fördermitteln aus dem American Rescue Plan Act (ARPA). Das Projekt wird mehr als 54 Meilen Glasfaser verlegen und Tarife mit Geschwindigkeiten von mindestens 300 Mbps ab 35 Dollar pro Monat anbieten, wenn sie mit einem Verizon-Mobilfunkplan gebündelt werden. In ausgewählten Gebieten wird es Zugang zu Fios 2 Gig-Tarifen für 84,99 Dollar pro Monat geben. Der Bau wird voraussichtlich bis Ende 2026 abgeschlossen sein, um zuverlässigen Internetservice zu bieten, der die Art und Weise verbessert, wie die Bewohner in unterversorgten Teilen des Bundesstaates arbeiten, leben und spielen.

Positive
  • Expansion of high-speed Fios internet to over 3,000 underserved addresses
  • $3.6 million in funding from ARPA for the project
  • Deployment of more than 54 miles of fiber
  • Offering plans with speeds of at least 300 Mbps starting at $35 per month
  • Access to Fios 2 Gig plans in select areas for $84.99 per month
Negative
  • None.

Fios to reach more homes in the state, including Jamestown and Westerly

NEW YORK, Oct. 07, 2024 (GLOBE NEWSWIRE) -- In partnership with the Rhode Island Commerce Corporation, Verizon plans to expand its all-fiber, high-speed broadband, reliable service to over three thousand underserved addresses in Jamestown and Westerly.

“Verizon is focused on delivering high-speed internet service and the major economic benefits that it can provide, especially in underserved areas,” said Paul Sullivan, Vice President New England Wireline Network Operations for Verizon. “Our commitment to Rhode Island continues as we expand access to our 100% fiber Fios internet service to power how residents work, live and play.”

"We applaud the Rhode Island Commerce Corporation for their leadership in establishing this robust broadband program in the Ocean State. This program will help Verizon continue to build and enhance our fast, reliable network statewide while fostering digital inclusion and equity in under-resourced communities," said Katharine Saunders, Vice President and Deputy General Counsel for Verizon. "We know that residents depend on reliable broadband service to work, learn, and stream from home, and we look forward to expanding our network in these areas."

This expansion includes $3.6 million in funding as part of the American Rescue Plan Act (ARPA) and will deliver fast, fiber broadband service to residents in underserved parts of the state. More than 54 miles of fiber will be deployed in connection with the build – longer than the distance from the northern most to the southernmost tip of the state.

Transformative network performance
Verizon’s 100% fiber network delivers award-winning Fios broadband service. Customers who subscribe to Fios broadband service will have access to a wide range of plans that deliver at least 300 Mbps for both downloads and uploads starting at $35 per month with Auto Pay when bundled with any Verizon mobile plan.Select areas of Rhode Island will have access to Fios 2 Gig plans - the fastest speeds offered by Fios - for $84.99 per month with Auto Pay when bundled with any Verizon mobile plan.2

Construction of the expansion is expected to be completed by the end of 2026.

  1. For existing postpaid mobile customers with a Verizon mobile plan (excludes prepaid, business and data-only plans) who then add and maintain a Fios 300 Mbps plan. Availability varies. Auto Pay & paper-free billing req’d. Subj. to credit approval & may require a deposit. Mobile + Home Discount enrollment req'd. $99 setup and other terms apply. Wired speeds advertised. Wireless speeds may vary due to device limits, multiple users, network & other factors. See Verizon.com/yourspeed for more info.
  2. For existing postpaid mobile customers with a Verizon mobile plan (excludes prepaid, business and data-only plans) who then add and maintain a Fios 2 Gig plan. 2 Gig is available in select areas only. Auto Pay & paper-free billing req'd. Subj. to credit approval & may require a deposit. Mobile + Home Discount enrollment req'd. $99 setup and other terms may apply.2 Gigabit network connection to your home. Average wired download and upload speeds between 1.5 Gbps and 2.3 Gbps. Wired and wireless speeds may vary due to device limits, multiple users, network & other factors. See Verizon.com/yourspeed for more info.

Verizon Communications Inc. (NYSE, Nasdaq: VZ) powers and empowers how its millions of customers live, work and play, delivering on their demand for mobility, reliable network connectivity and security. Headquartered in New York City, serving countries worldwide and nearly all of the Fortune 500, Verizon generated revenues of $134.0 billion in 2023. Verizon’s world-class team never stops innovating to meet customers where they are today and equip them for the needs of tomorrow. For more, visit verizon.com or find a retail location at verizon.com/stores.

VERIZON’S ONLINE MEDIA CENTER: News releases, stories, media contacts and other resources are available at verizon.com/news. News releases are also available through an RSS feed. To subscribe, visit www.verizon.com/about/rss-feeds/.

Media contact:
Ilya Hemlin
ilya.hemlin@verizon.com 
908-227-0536


FAQ

When will Verizon complete its Fios expansion in Rhode Island?

Verizon expects to complete the construction of the Fios expansion in Rhode Island by the end of 2026.

How many underserved addresses will Verizon's Fios expansion reach in Rhode Island?

Verizon plans to expand its Fios service to over 3,000 underserved addresses in Jamestown and Westerly, Rhode Island.

What is the starting price for Verizon's Fios broadband service in the expanded areas?

Verizon's Fios broadband service in the expanded areas starts at $35 per month for plans with speeds of at least 300 Mbps when bundled with a Verizon mobile plan.

How much funding is Verizon receiving for the Fios expansion in Rhode Island?

Verizon is receiving $3.6 million in funding as part of the American Rescue Plan Act (ARPA) for the Fios expansion in Rhode Island.

Verizon Communications

NYSE:VZ

VZ Rankings

VZ Latest News

VZ Stock Data

168.34B
4.21B
0.04%
65.55%
1.27%
Telecom Services
Telephone Communications (no Radiotelephone)
Link
United States of America
NEW YORK