Technology will have the system capacity to increase to 80 Gbps.
Verizon has tested a new technology that would enable Internet broadband speeds of up to 10 gigabits per second (Gbps), which is 10 times faster than Google Fiber.
The company said upgrades on the FTTP network will start when commercial equipment is available to support business services like switched Ethernet services.
The technology upgrade will also support multi-gigabit-speed Internet access services for FiOS customers.
Verizon vice president of network technology Lee Hicks said the technology will have the system capacity to increase to 40-80 Gbps as the market demands.
It can be possible by adding new colors of light onto the existing fiber cable network that Verizon currently runs.
Verizon tested its next-generation passive optical network, or NG-PON2, from its office in Framingham, Massachusetts, followed by testing in its laboratories.
The trial included a new optical line terminal (OLT) deployed in the Verizon central office. It generates four wavelengths, each having the capacity to operate at 10G/2.5G.
Verizon will issue a request for proposals later this year to purchase hardware and software for the new NG-PON2 platform.
Verizon vice president of network technology Lee Hicks said: "The advantage of our FiOS network is that it can be upgraded easily by adding electronics onto the fiber network that is already in place.
"Deploying this exciting new technology sets a new standard for the broadband industry and further validates our strategic choice of fiber-to-the-premises."