Comcast’s plan for profit: raise cable modem rent

If your are a Comcast customer, you can look forward to paying more to rent that $30 lump of plastic that connects you to it’s network.

Washington State users already experienced this as part of a suite of other Comcast rate hikes, but the cable giant now says they’ll be increasing their cable modem rental fee from $3 to $5 nationwide. “We continually invest in providing customers with next-generation equipment and technology that delivers advanced voice and Internet services with enhanced capabilities,” said Comcast in a statement. (DSL Reports)

The assumption that physical plant upgrades require a customer surcharge is something that only comes from the perverse world of a duopoly. I’m betting this increase will temporarily fix the gaping hole in Comcast’s balance sheet created by fleeing pay TV subscribers.  I’m  certain we’ll see the rest of the cable guys follow the big C’s lead.