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Thursday
Jun282012

Comcast sued for excessive Broadband Rates....no.....really?

Yes the sarcasm is there and apparently to the government, so is the rip-off.  Comcast, the nation's largest cable TV operator, has settled a complaint brought forth by federal regulators for failing to comply with certain conditions of its NBCUniversal acquisition. As part of the settlement, Comcast will fork over an $800,000 voluntary contribution to the U.S. Treasury and offer broadband Internet access as standalone service "at reasonable prices and with sufficient bandwidth" without requiring a subscription to cable video service. 

Specifically, Comcast is ordered to offer standalone broadband services with a download speed of at least 6Mbps for no more than $49.95 for three years, according to the agreement. Comcast is prohibited from raising prices for two years, and must also "visibly offer and actively market" its standalone Internet service.  Yep, we'll see how long they comply with this.  Keep the lawyers on hand..

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