Hong Kong Fiber Optic Rates Prove Verizon's FiOS is a Rip-OffS

While Verizon is out aggressively trying to sell the country on their FiOS fiber optic web connection packages, which range from $40 per month for 5Mbps to 30Mbps for $180 (extra for TV and phone service!), Hong Kong residents can now enjoy their own fiber optic connections from Hong Kong Broadband Network Limited… which happen to be a fraction of the price and many times faster than what we can get here. Yes, HK residents can now get a whopping 100Mbps fiber optic connection for a mere $48.50 a month. And that's the entry-level package.

How about 200Mbps for $88.20? Yeah, not quite enough, I agree. You might as well jump up to 1Gbps for $215.40 a month. But hey, you don't really need that, do you? You should be thanking Verizon for the opportunity to pay them for a pathetic 5Mbps connection. I mean, the US is so far down on the per-country broadband speed chart (the Japanese are enjoying 60Mbps average) that we should just be loving any crumbs the telecoms are willing to toss our way, right? Thanks again, Verizon! [CNNMoney via Broadband Reports]

Photo via