Cablevision Hikes Broadband Fees $5 Per MonthMSO says price will increase average of 3.2% for Optimum online service 12/06/2012 04:51:49 PM Eastern
Cablevision Systems said it will increase the cost of its
broadband service by $5 per month in 2013, which will result in an average
increase of 3.2% for Optimum Online customers who are not currently on a
The Bethpage, N.Y.-based MSO said the price bump is the
first increase on its broadband service in a decade, and said it will make no
changes to the price of its cable TV or phone products.
In announcing the change, Cablevision said it has made
"significant" investments in its broadband product, including a $140
million DOCSIS network augmentation project.
Cablevision initiated the latest upgrade after it scored
poorly on a 2011 test commissioned by the Federal Communications Commission,
which found the operator delivered 54% of advertised speeds during peak periods
(7-11 p.m. Monday-Friday). On the FCC's
test based on data from April 2012, Cablevision was found to have delivered
120% of advertised download speeds and more than 100% of upload speeds.