Reuters: Technology News: Time Warner Cable raises Internet modem fees for customers

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Time Warner Cable raises Internet modem fees for customers Jul 29th 2013, 22:04 Tweet Share this Email Print Related News Time Warner Cable gets new CEO as industry ponders deals Thu, Jul 25 2013 CBS-Time Warner Cable blackout deadline extended Tue, Jul 23 2013 Time Inc getting new CEO ahead of magazine unit spinoff Mon, Jul 22 2013 Time Warner's Bewkes shuffles Turner's top management Wed, Jul 17 2013 Media owners keep Hulu website, may bring in partners Fri, Jul 12 2013 Analysis & Opinion The Navy's underwater eavesdropper The Time Warner Cable office is shown in Carlsbad, California November 5, 2012. Credit: Reuters/Mike Blake Mon Jul 29, 2013 6:04pm EDT (Reuters) - Time Warner Cable said on Monday it has started notifying customers that it is raising the monthly fees to rent modems from the cable company. Subscribers on Time Warner's Cable's most popular Internet plan began paying $3.95 a month last November to lease a modem. The fee will rise to $5.99 a month starting in the next billing cycle for customers. The higher rate could generate an additional $150 million in revenue this year, according to ISI analyst Vijay Jayant. Time Warner Cable has roughly 12 million customers. A Time Warner Cable spokesman said the fee was raised because of the "cost associated with providing the modem." Customers who buy higher-end packages will not be affected by the change. Time Warner Cable said customers can opt out by purchasing a modem that is compatible with the Time Warner system, it and provided a list of approved equipment. Other cable companies such as No. 1 U.S. operator Comcast and Cox charge modem fees between $7 and $8 per month, Jayant said. (Reporting by Liana B. Baker; Editing by Leslie Adler) Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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