Verizon Cuts DSL Fee on East Coast
From Staff and Wire Reports
Verizon Communications, the company formed last week by the merger between GTE and Bell Atlantic, cut the price for its high-speed Internet service by 20% for East Coast customers to better compete with cable providers offering a similar product.
The Personal Infospeed DSL service from Bell Atlantic now costs $39.95, down from $49.95, in 12 northeastern and mid-Atlantic states and the District of Columbia. DSL, or digital subscriber line, uses electronics to speed information over copper phone lines up to 11 times faster than with traditional dial-up modems.
Verizon is considering DSL price reductions in California, said spokeswoman Julia Wilson.
Verizon shares lost 63 cents Thursday to close at $53.81 on the New York Stock Exchange.
