In the concrete jungle where dreams are made of, Time Warner Cable are investing another $25 million into their fiber network to business customers in New York City. This investment will see networks constructed in Brooklyn, as well as the Financial and Flatiron districts.
Time Warner Cable says that customers should expect to see speeds reach 1 gigabit per second. The high speeds are for business users who require it, uploading and downloading significantly large files can be time consuming, and in business, time is money. Fiber networks already established by the company in other sections of New York City have been enjoying the benefits of the fiber networks for a while now.
New York City Mayor, Michael Bloomberg, is pushing this initiative, as part of a much bigger project that will include cooperation from Verizon, Cablevision Sytems, and AT&T, with the end goal of improving broadband services to underserved parts of the city. No pricing has been unveiled from Time Warner just yet, but comparing it to Google's 1Gbps down/up service in parts of Missouri and Kansas, it should hover around the $70 per month mark.