Comcast Preps A New Round Of Rate Hikes
3.5% average price hiks starting August 1
As Comcast looks to gain regulatory approval for their merger with NBC Universal, the company is informing many customers they'll be seeing their second round of cable rate hikes in less than a year. Comcast appears to be raising prices for services across the board, and is telling news outlets from California
that the rate hikes are necessary to help counter "new technology, new features, additional programming, higher broadband speeds and improved customer service." The hikes are bumping Comcast customer bills an average of 3.5% in many markets (read: markets with less competition), and will go into effect starting August 1. Many Comcast customers just saw phone, cable and broadband hikes back in March
, on top of a cable modem rental fee hike (from $3 to $5 a month) imposed last fall.