Why Cox is now charging internet speeds that are twice as fast as competitors in some markets
Cox Communications Inc. said Thursday that it will begin charging internet providers such as Comcast Corp. and Verizon Communications Inc., the nation’s two largest cable companies, to help offset rising costs.
Cox said it will start charging Internet providers such a rate in its largest markets within the next several months and expects to add other prices in coming months.
Comcast and Verizon are expected to begin charging Internet customers in some areas as early as this year.
Cox said it plans to increase its prices for its biggest markets in 2018 and 2019.
Cable companies have been struggling with a spike in internet prices that have driven many customers to switch to cheaper options.
The cable companies have complained about the costs and said they are not making enough money to offset the increased costs.
Internet companies say they have been charging customers more for their data than their competitors.
Some argue the fees are necessary to compete.