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: Buy your own modem NOW.
7/31/2013 12:49:06 AM
Not many ISP's use 8 channels, and if they do, they're on very high speed tiers. Even Comcast's 105mbps service is 4 channel, all it requires is DOCSIS 3.0 specification.
For now, save your money and get a SB6120 for <$50 or SB6121 for $60. I've seen DOCSIS 3 modems on craigslist for $25 bucks. ISP's usually have an online tool to check the MAC for activation, or you can make a 5-minute call to a usually automated system and check on the spot before you hand over the money.
EITHER WAY, you are all right.
Buy your modem, don't rent it.
RE: Buy your own modem NOW.
8/1/2013 12:52:31 PM
Hmm, must be area dependent. I've got a moderate Comcast 50/10 package, and I'm picking up 8 channels down and 3 up.
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