On Wednesday, Investors cheered moves by Google and sent the stock market to a solid gain. Google helped boost the stock value after it launched a low-cost wireless phone service called Project Fi.
Google’s new wireless service called ‘Project Fi’, cost around $20 a month for basic service and charges customers for the amount of data they use. This plan has made Internet search giant Google enter into racing track with other competitors like AT&T and Verizon Wireless. Apart from the new turf, the company attempts to combine several communication tools and the multiplying ways of calling people which includes cellular calls, online calls like those offered by Skype, with one phone number and service.
Project Fi is not altogether a new signal service but it makes use of both T-Mobile and Sprint services. The phone compares signals of both the networks and picks the one which is strongest. Right now, Project Fi is still under experimentation and trials so it would be available only for the Google’s Nexus 6 phones users, limiting its reach. Looking at the new service, analysts feel it as an offer to change phone service so that they have greater overlap with the list of Google’s growing world of devices and services.
Apart from the selection of the strong network, if there is a pre-vetted public Wi-Fi available, it will jump on board that network as well. “Wherever you are connected to Wi-Fi, whether that is at home, your favourite coffee shop or your Batcave, you can talk and text like you normally do,” said Nick Fox, Google’s vice president of communications products, in a blog. “If you leave an area of Wi-Fi coverage, your call will seamlessly transition from Wi-Fi to cell networks so your conversation does not skip a beat.”
As the whole world is a global market, this new service from Google will offer an international subscription. However, the biggest disadvantage is that some overseas service providers are only 256kbps and not 4G networks that are available in the US. Despite of the speed, the price of $10 per GB would remain the same.
The pricing for the plans starts from $20 through which one can talk, text and tether wirelessly, which is much lesser than the $100 a month charged by the services like Verizon and AT&T. The data plan as mentioned earlier cost $10 of a GB of data. The kicker is that if you do not use all your data you pay for, the money is refunded for the unused data.
Everything sounds pretty sweet, if not very different from what Republic Wireless just started offering – though, in the longer run, Google’s deep pockets will surely be an asset. It is something about the name Google attached to the Project Fi makes it more trust worthy but also at the same time bit suspicious with its too-good-to-be-true package. Currently, the service is available only through invitation.