Time Warner Cable Raises Cable Modem Rental Rate to $5.95/Month
July 30, 2013 9:19 AM
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Fee hike will generate an extra $150 million for Time Warner
Time Warner Cable announced yesterday that it had begun notifying customers of an increase on the rent paid each month for cable modems (subscribers to the company's base cable internet plan have been paying $3.95 per month to lease a modem since last November).
Time Warner Cable is now increasing the monthly rate for leasing the modem to $5.99 per month starting with the next billing cycle. A few dollars doesn't sound like huge hike, but the additional fee will reportedly generate an extra $150 million in revenue this year alone for the cable giant.
Apparently, only customers on the company's most popular plan will pay the extra fee for modem rental. Customers who are on more expensive and higher-end cable internet packages won't be affected by the change in rental rate.
Time Warner Cable says that the fee hike stems from costs associated with providing the modem.
Despite the fact that the lease amount has increased to $5.99, Time Warner Cable’s fee is still lower than competitors such as Comcast, which charge between seven dollars and eight dollars per month.
Of course, one way to avoid the fee altogether is to purchase your own modem from
Time Warner Cable’s approved list
. By going this route, the modem would “pay for itself” within a year or less.
This article is over a month old, voting and posting comments is disabled
7/30/2013 12:33:20 PM
I had the choice of TWC or Verizon FiOS. Needless to say, I never again have to deal with TWC's constant disconnections, poor speeds, rude and ignorant technicians, overpriced substandard packages, or super aggressive phone salesmen. Verizon Fios has no equipment rental fees (even with their all-in-one modem/wireless router), they have the best speeds (I have 50Mb/s download and 25Mb/s upload). Their TV packages are great too. Plus you can add phone and home security. They have one of the best systems for renting and purchasing movies (forever) of anyone.
If you have the option, jump now and don't look back!
7/31/2013 10:41:23 AM
Well yeah, nothing beats fiber optic.
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