Verizon plans $300 million fiber network for Boston

BOSTON – Ending nearly a decade of giving Boston the cold shoulder, Verizon Communications said Tuesday it will invest as much as $300 million to install the fiber-optic cables needed to offer its FiOS communications services to city residents, businesses and other institutions.
Boston Mayor Marty Walsh hailed the agreement, saying it will help to spur economic development and innovation in the city. "Boston is moving faster than our current infrastructure can support, and a modern fiber-optic communications platform will make us a next-level city," Walsh said in a statement.