Electric Power Board, a city-owned electrical utility in Chattanooga, Tenn., will offer an 1Gbps Internet service that is among the fastest in the world. EPB's new service, which will be available to more than 169,000 residents in a 600-square-mile area in southeastern Tennessee and northern Georgia, will not be cheap. At $350 a month, the service might appeal to some businesses, but probably will be too steep in price for most households, says The New York Times.
EPB is working with Alcatel-Lucent on the project and plans to begin offering the service by the end of the year. The 1Gbps service will offer Internet speeds that are 200 times faster than the current average broadband speed in America, according to The Huffington Post.