AT&T to Hike Broadband Prices by Average of 4.8 Percent

AT&T Broadband, the largest cable television company in the United States, will raise its prices by an average of 4.8 percent next month. The price increase will affect over 63 percent of the company's customers, who subscribe to its standard cable package, which includes basic and expanded basic services, as well as additional channels. Some customers, who have expanded their channel lineups by three or more channels, will see price increases averaging 6.55 percent. The price hike is due to increased infrastructure costs and higher fees paid to programmers for the rights to distribute their programs.

Key Takeaways:

• AT&T Broadband will raise its broadband prices by an average of 4.8 percent next month.
• The price increase will affect 63 percent of the company's customers, who subscribe to the standard cable package.
• Some customers, who have expanded their channel lineups by three or more channels, will see price increases averaging 6.55 percent.
• The price hike is due to increased infrastructure costs and higher fees paid to programmers for the rights to distribute their programs, which will increase by up to 10 percent this year.
• The price increase will also apply to the installation of broadband cable, which will become more expensive from February.
• Some price increases will take effect later in the year, in line with Federal Communications Commission (FCC) guidelines.

Statistics:

• 63 percent of AT&T Broadband customers will see an average price increase of 4.3 percent.
• 11 percent of all customers will see price increases averaging 6.55 percent.
• The fees paid to programmers for the rights to distribute their programs will increase by up to 10 percent this year.
• The installation of broadband cable will become more expensive from February.
• The price increases will be in line with FCC guidelines set for later in the year.

Sources:

• AT&T
• Newsbytes.com
• Federal Communications Commission (FCC)