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Fiber to the Premises. Industry slang for running fiber optic cable to a [neighborhood], campus, or business, but not [all the way through] the building or all the way to your home. A stopgap measure deployed while telecom and internet companies spend billions to rewire their networks and give you higher speed. Any type of fiber will allow much higher internet speeds and allow for things like HDTV video chatting with friends, large [online gaming], etc.
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