Comcast Internet customers to pay $60 more per month for internet service
Comcast customers in many of the country’s biggest metropolitan areas are likely to pay more for Internet service as part of a major merger between the cable company and CenturyLink, a data-center provider.
The merger, which is expected to close by the end of 2019, would combine Comcast and Centurylink in three new metropolitan areas: Charlotte, North Carolina; Dallas, Texas; and Kansas City, Missouri.
Customers in those cities would pay an average of $60 per month, while those in Kansas City would pay $35, according to Comcast’s website.
CenturyLink customers would pay just $12.99 per month.
The new agreement would make the combined company the largest in the U.S. with about 40 percent of the Internet market.
The announcement comes after Comcast had warned of a merger that could result in higher prices for customers.
In a blog post last week, Comcast’s Chief Financial Officer David Cohen warned that CenturyLink’s business model would lead to higher prices, especially for Comcast customers.
The company’s chief financial officer has since written a follow-up blog post, in which he noted that Comcast customers would probably pay more than other customers for Internet.
Comcast and CenturyLabs have worked together on projects in the past, including an investment to upgrade a power plant in New Jersey that Comcast is building.
But CenturyLink has a larger network and greater experience in the cable and internet industries.