Verizon (NYSE: VZ) has launched what it calls that FiOS Quantum Internet. The product runs on its fiber network, which connects millions of homes. Verizon invested $23 billion in this infrastructure as it tries to take market share from large cable companies. Early results are not encouraging. Cable has held its own.
The Quantum Internet product may not have many takers. Its upload and download speeds are so fast that almost no one needs them. The highest level of the service offers 300 Mpbs of download speeds and 65 Mpbs of upload. Verizon says the service will allow consumers to download an HD movie in 2.2 minutes. Impressive, but where is the market for that?