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I'm certain it's Mb/s not MB/s There is a HUGE difference.

Mb = Megabit

1Mb = 1,000b

MB = Megabyte.

1MB = 1,000B = 8,000b

200Mb = 200,000b

200MB = 200,000B = 1,600,000b = 1.6Gb/s

You're not getting 1.6Gb/s to the house.

Also, can you source because I can't find any info on a speed guarantee.

It sounds like to me, that broadband providers will provide a discount on a hi-speed package that includes a PS4. It isn't ensuring anything, and you still have to purchase something. You don't get it for free.

Because, based on Virgin's comment, it's good for the Xbox One as well.