Comcast to hike TV, internet prices despite receiving public subsidies worth $1bn

Image-Comcast-to-hike-prices-MediaBrief.jpgComcast Corporation, the American telecommunications conglomerate headquartered in Philadelphia, Pennsylvania, that provides services to U.S. residential and commercial customers in 40 states and in the District of Columbia. Comcast has earlier received public subsidies of $1bn, but it’s still imposing new data fees on customers reliant on the internet due to COVID.

The company is getting ready to increase the costs of itsservices starting January 1st, 2021. The increases include the maximum amount as $4.50 per month added to the “Broadcast TV” fee and up to $2 per month added to the Regional Sports Network (RSN) fee, which collectively would add as much as $78 per year.

A Comcast spokesperson confirmed the above fees, additionally there will be a $3 per month increase for internet-only service and up to a $2.50 per month increase for TV boxes on the first outlet, with a decrease of up to $2.45 per month for TV boxes on additional outlets.

Comcast released a press release stating, “Rising programming costs—most notably for broadcast TV and sports—continue to be the most important factors driving price increases for all content distributors and their customers, not just Comcast.”

“We’re continuing to figure hard to manage these costs for our customers while investing in our network to supply the simplest , most reliable broadband service within the country and therefore the flexibility to settle on our industry-leading video platform with X1 or the very best quality streaming product with Flex, the sole free streaming TV device with a voice remote that’s included with broadband service.”

Add to that, the company will also start implementing a 1.2TB data cap on broadband usage across all 39 states where it offers its internet service. Although it will  waive overage fees for the first two months to get people used to the new limits, but it will eventually charge $10 for every additional 50GB of data.

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