Cable Speeds Up to Deal a Blow to Telcos

Yesterday, cable service provider Comcast announced it will offer super-fast broadband speeds to its Internet access subscribers in Boston and Philadelphia. To become available in 10 major markets in the next few months, the service will offer speeds of up to 50 Megabits per second. Essentially, the provider will double most subscribers' speeds at no extra cost. That's bad news for telcos.

Yesterday, cable service provider Comcast announced it will offer super-fast broadband speeds to Internet access subscribers in Boston and Philadelphia. To become available in 10 major markets in the next few months, the service will offer speeds of up to 50 Megabits per second. Essentially, Comcast will double most subscribers’ speeds at no extra cost.

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