Verizon will no longer be required to guarantee high-speed internet for all of its service territory.

Regulators at the state Board of Public Utilities loosened the requirements as part of a settlement with the company, according to a report in the Ashbury Park Press.

As part of a settlement with the board, Verizon said it would make high-speed service available to a minimum of 35 single-line business or residential customers who ask for it and are located in a census tract that has no access to high-speed services from cable companies or 4G-based wireless services.

Customers would have to agree to a one-year contract and pay a $100 deposit.

Steve Hughes