When the Internet came to life in the U.S., Verizon was among the first to offer it.
But in 2014, it became a bit of a liability.
The carrier had to pay out $2.6 billion in penalties and fines for overcharging customers and for not making sure customers could get the data they needed.
That led Verizon to pay more money to other wireless providers, which meant the company’s wireless network fell behind its rivals.
Verizon lost billions of dollars, but it has continued to innovate.
Now, the company is going after Verizon’s legacy broadband customers with a new plan called Spectrum.
It offers the fastest, most affordable internet plan available in the United States, with speeds of up to 1 gigabit per second, or 1,000 times faster than the national average.
The plan also includes unlimited talk and text, which is a major win for the company.
The company says Spectrum is the fastest internet service in the country and that it will bring a new level of connectivity to the nation’s rural communities.
But its competitors aren’t buying it.
The new Spectrum plan is a huge step backward for Verizon, which has struggled to deliver on the promise of broadband to its rural and small business customers.
The Spectrum plan, which includes no local TV and no data plans, costs Verizon $20 a month, and the company says the plan is only for its new, high-speed service in rural areas.
However, the Spectrum plan will be available for just $2 a month to Verizon’s existing customers in the new markets that it is building.
That’s less than half of the price of Verizon’s $7.25 a month plan.
The Spectrum plan does not include video or data plans.
Verizon’s plan is priced at just $3 a month for existing customers and $10 a month (or $25 per month for the new rural markets that are expected to be added in the next two years) to new customers.
“Spectrum is the most expensive of any internet plan on the market today, and it’s a huge missed opportunity for Verizon to help its rural customers,” said Jim Dohm, vice president for public policy at Free Press, a consumer advocacy group.
“In the past, Verizon was able to offer affordable broadband to those who could afford it, but that didn’t last long.
This is an opportunity to help rural America with a low-cost internet option.
Verizon should take a page from Google’s book and make it easy for rural Americans to get the internet they need and need now.”
Verisys website describes Spectrum as “the best broadband for rural America.”
Verizon said Spectrum will offer speeds of 1,200 megabits per second to “everywhere in America,” which is the speed that most rural homes and businesses can get.
the speed is dependent on the customer’s geographic location and is capped at 1,500 megabit per second.
While Spectrum is good for the rural internet community, some are not pleased.
A recent report from the FCC’s consumer advocacy arm, Public Knowledge, said Spectrum is “a major over-hyped promise.”
The report said that Spectrum “has not delivered on its promise of affordable, high speed broadband to consumers in rural communities.”
The FCC’s report said the Spectrum program was an example of how broadband has not yet been affordable to rural America, despite the billions of broadband dollars invested in the program.
In its press release, Verizon said that its new plan is just a way to help the company “meet the increasing demand for its services and its ability to deliver high quality, reliable, affordable broadband services to millions of people across the United, particularly in rural America and across the Southeast.”
“This is not an Internet upgrade or a phone upgrade,” Verizon said.
“This is a service upgrade, which means that our customers will have access to a faster, more reliable, more affordable broadband service.
We’ll continue to improve our infrastructure, our networks, and our network performance to meet the increasing demands of our customers.”
It will be interesting to see how the Spectrum expansion plays out in the coming months.
In April, Verizon will begin offering a $10 per month unlimited plan that offers unlimited talk, text, and video for existing FiOS and unlimited data for FiOS customers.
In July, the carrier will offer a $50 per month plan that includes unlimited data, a $60 per month bundle that includes the same speeds, and a $120 per month option that includes data, unlimited talk service, and data for customers with FiOS.