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The 'fastest Internet in the world' is now available in Minneapolis

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The fastest Internet service in the world is launching in Minneapolis.

US Internet's 10 gigabit per second service is now available to residential and small business owners in Minneapolis, the company announced Tuesday.

It becomes the first city in the world to receive access to the Internet at that speed (both for downloading and uploading), the company says.

US Internet is cranking up the speeds on its fiber-optic cable service starting Tuesday afternoon for its southwest Minneapolis customers – for those willing to pay the steep price of $399 per month, at least.

To put that into perspective, the company's 1 Gbps service – which was one of the fastest in the state until now – costs about $65 per month, according to the company's website.

US Internet currently offers service to about 30,000 households in southwest Minneapolis, but it's expected to expand service to other cities this year, the Pioneer Press says.

These 10 Gbps speeds are far faster than the average Internet speeds in the United States.

According to the 2014 Global Internet Report, the U.S. ranks 30th in the world with an average of 18.47 megabit per second download speeds.

How does that compare to even 1 Gbps service? Well, there are 1,000 megabits in one gigabit. So 1 Gbps service is 1,000 Mbps – about 50 times faster than the average U.S. speed.

Hong Kong is No. 1 in the world with an average of 57.07 megabits per second.

US Internet's announcement is just the latest move for service providers looking to take a larger hold on the Twin Cities market.

CenturyLink is also currently rolling out a fiber-optic network in the Twin Cities to offer 1 Gbps Internet service.

CenturyLink said its 1 Gbps service is about 10 times faster than Comcast's fastest residential-broadband service (105 megabit per second), which it debuted in the metro area last year.

Earlier this year, scientists in the United Kingdom created the fastest-ever real-world Internet connection, which clocked speeds of 1.4 terabits per second – fast enough to allow users to download 44 high-definition movies in a single second, the Independent reported.

Cable TV also targeted

CenturyLink announced this week that it plans to dabble in the cable TV business in Minneapolis, where Comcast is currently the monopoly, the Star Tribune reports.

CenturyLink intends to seek a franchise agreement from the Minneapolis City Council, which would allow it to provide Prism TV cable service to compete with Comcast in select areas of the city where it already provides its fiber-optic network, the newspaper notes. It also plans to seek agreements with other cities in the metro next year.

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