updated 6/21/2010 12:44:01 PM ET 2010-06-21T16:44:01

Verizon is offering its television and broadband Internet package to new customers without a long-term contract.

The company says it wants to be more competitive with cable TV companies, which typically sell services on a month-to-month basis. Verizon had previously charged $20 more per month for the no-contract service.

Verizon says new customers won't have to pay more to get its FiOS high-speed Internet and television service on a month-to-month basis. The bundled service is currently $99 per month, plus taxes and fees.

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