Expansion of Fiber Optic Network
The fiber optic network is increasingly becoming the most sought-after technology for secure and fast data transmission over long distances. Going forward, the wireline industry will largely evolve around fiber-based superfast gigabit data transmission network.
In this regard, Verizon Communications Inc. (VZ) has decided to launch a fiber-to-the-premises (FTTP) network for both residential and business customers to deliver an exceptional 10 Gbps (gigabit per second) of upload and download speeds. Alphabet Inc.’s (GOOGL) fiber network currently offers 1 Gbps of speed while Comcast Corp.’s (CMCSA) “Gigabit Pro” provides 2 Gbps of residential broadband Internet speed.