Perhaps because they compete in the country's largest metro market, Optimum and Verizon aren't shy about courting customers. Verizon Fios: Perks and promotional deals That's all moot in 2023 since both have kicked the fee to the curb. Optimum was a bit cheaper, with its monthly equipment fee ringing in at $10 monthly. Previously, Verizon Fios charged customers an additional $15 a month to rent their router. Lastly, you won't have to account for an additional monthly equipment fee with either provider. Third, neither Verizon Fios nor Optimum require you to sign a contract, so there's no threat of steep early-termination fees. That's a win for customers of both services. Both ISPs have also kicked data caps to the curb, so you don't need to fear any looming overage fees for your data usage. Verizon Fios and Optimum waive your setup if you order service online, so we've got a draw there. Optimum: Additional fees and add-on expenses On that note, Optimum obviously sees the value of fiber internet as an Altice spokesperson shared with CNET via email that Optimum Fiber is currently available to over 2 million households, and Optimum's goal is that "fiber deployment continues at a rapid pace." It's not yet widely available, but Optimum is pushing further down that road to reach 6.5 million homes by 2025. Verizon Fios, on the other hand, is a 100% fiber connection, which means you get symmetrical upload speeds, which also brings a particular worth. Optimum has better prices, but you're not guaranteed to get a fiber internet connection. When looking across Verizon Fios' available plans, the cost per Mbps is just below 12 cents, which can't match Optimum's 9 cents per Mbps. That doesn't mean your rate will never change, but you're not fated to get that dreaded bump in your bill after a year. (One exception - in New York, Verizon has introduced a 2-gigabit plan as well.) And those plans don't have a promo price that changes to a regular rate after 12 or 24 months. The three plans you see are the three plans offered. Moving on to Verizon Fios, it keeps things similar across all the areas it serves. But don't expect to see those ultra-fast speeds across the whole Optimum footprint. Optimum introduced the fiber multi-gigabit plans in portions of Long Island, New York, in the summer of 2022 and it's now also available in parts of Connecticut. Second, those super zippy multi-gigabit plans are not available to all locations. What does that mean in the real world? Well, Zoom recommends you have at least 2Mbps upload speeds for a single screen, so if you've got a household with two or three people needing to do some form of videoconferencing, things could get tight quickly. You only get 20Mbps of upload speed with Optimum 300 and 500 35Mbps for the 1 Gig plan. The drawbacks? First, you can see how cable upload speeds don't compare to fiber internet. Optimum 2 Gig will run customers $120 a month, while Optimum 5 Gig will cost you $180 per month, which is a great value at just under 4 cents per Mbps. Even more impressive? The cost per Mbps for the Optimum 5 Gig plan is just under 4 cents. Taken across all five plans, the cost per Mbps of Optimum's starting monthly prices is a very affordable 9 cents per Mbps. But what stands out is the highly competitive pricing. Instead of the 300 and 500 plans, some customers might see a 200 megabits-per-second plan or a 400Mbps option. As with many ISPs, the number of plans available will vary based on your location and address.
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