Verizon Wireless Debuts Home Internet

Verizon Wireless (NYSE:VZ) announced that HomeFusion Broadband, a service that provides high-speed in-home Internet access leveraging the company's 4G LTE network, will be available throughout the country starting May 3.HomeFusion Broadband is an alternative for residential broadband, especially in areas with limited broadband choices. It provides connectivity for a range of devices, including computers and gaming consoles, using the Verizon 4G LTE network, which is now available in 230 markets covering more than two-thirds of the population in the United States.The system uses a professionally installed, cylinder-shaped antenna attached to a customer's home. The antenna's design includes multiple internal antennae, allowing the device to pick up the best Verizon 4G LTE signal available and transmit it to a broadband router inside the home. The router can connect up to four wired and at least 20 wireless devices inside the home using WiFi.Verizon expects the service to provide real-world average data rates of 5 to 12 Mbps downstream and 2 to 5 Mbps upstream.Pricing plans include $60 monthly access for 10 GB of data, $90 monthly access for 20 GB or $120 monthly access for 30 GB ($10 per GB after allowance). A one-time equipment fee of $199.99 applies, and installation is free.