Bell today announced the launch of what it's calling "North America’s fastest internet" in Toronto. The new Gigabit Fibe service will be rolled out to 1.1 million Toronto homes and businesses, with 50,000 gaining access this summer.

The company also indicated that it would be launching the service in other cities across Ontario, Quebec and Atlantic Canada, as soon as this summer in some locations.

Toronto mayor John Tory was on hand, too, as the company announced that the introduction of Gigabit Fibe would result in the creation of 2,400 jobs for the city.

Service will initially be available at a maximum 940 Megabits per second and will rise to a full 1000 Megabits per second or faster in 2016 as modem equipment catches up to gigabit speeds.

"Bell's existing fibre network already delivers both the best television experience anywhere with Fibe TV and fast broadband Internet. With Gigabit Fibe, we're boosting Internet speeds to blazing fast levels that open up incredible new online opportunities for consumers and business users alike," said Rizwan Jamal, President of Bell Residential Services. "Consumers can share and access the great content they want faster than ever before -- with Gigabit Fibe, you can download 100 photos or songs in 3 seconds [and] an entire HD movie in 7 seconds.”

As announced in April, Bell also plans to invest $20 billion through the end of 2020 in a bid to expand its broadband fibre and 4G LTE mobile networks across the country.

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[Source: Bell]