You have to understand the suffering Bostonians have endured to really appreciate the situation. For years, Comcast Corp. has pretty much been the only game in town for the city’s 251,000 households when it came to high-speed cable and Internet. Ninety percent of the city has only one option for broadband, according to The Boston Globe.
The city couldn’t convince Verizon to replace its old copper wires with its FiOS infrastructure despite years of begging and pleading. Verizon had essentially written off Boston and a lot of other major cities, saying it would no longer add any more municipalities to its network.
So, Boston hasn’t exactly been ground zero for competitive prices. That has the possibility of changing as soon as this summer, according to the Globe, when Verizon comes to its first neighborhoods as part of a plan to spend $300 million to rewire the city with fiber optic lines. The process will be slow, and take up to six years to cover the whole city.
New England Patriots owner Robert Kraft is being credited for brokering the agreement Verizon has with the city. Kraft introduced Mayor Martin Walsh and Lowell McAdam, Verizon’s chief executive, hosting the two at his home in Chestnut Hill for talks that led to the deal.
Kraft, who has an estimated net worth of $4.8 billion, is probably not taking a hard look at his cable bill these days. I wouldn’t be surprised if the man didn’t even have cable. But the net effect of his actions is good news for people in Beantown who still suffer from high priced cable and Internet because of a lack of competition.
For cord cutters, the key to saving cash and getting decent programming is matter of getting the best deal possible for Internet service, and picking your spots with how much you want to spend for TV services.Bringing in fiber-optic broadband might not be a total windfall for consumers, but it will force some prices to drop as Comcast and Verizon begin to slug it out for a significant customer base.
Now if we could just get Kraft to lobby for more affordable beer prices at Fenway Park…
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