Time Warner Cable Raises Cable Modem Rental Rate to $5.95/Month
July 30, 2013 9:19 AM
comment(s) - last by
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.
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RE: The competition
7/30/2013 1:57:36 PM
You need to apparently do some more research... I switch from TWC to Uverse and extremely happy with it! No we haven't been nickle and for anything. We have the top tier plan which only charges ua for 2 of our 5 boxes, 1 complete home HD DVR, 2 normal HD DVR receivers, and 2 wireless HD DVR receivers. It is true that we can't buy our own box but in 20 years of TWC we never took that option anyway their equipment fees are almost a non-issue. As for your "lousy" wifi performance claim... Why would you even use the built in Uverse wifi????? LOL. I think TWC doesn't offer wifi in their hardware package but that isn't a concern for you but a built in one by Uverse you can turn off is? The wifi in a Uverse box is only 802.11g so that is crappy yes however the antenna is more powerful than most off the shelf routers today especially for just g wireless, AND you can turn if off like I did and use your own wifi router of your choosing.
Very happy with my Uverse.
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