The new service will offer download speeds of 101 megabits per second and upload speeds of 15 Mbps for a cost of $99.95 per month. It will be available May 11 to all 5 million of the people in areas served by Cablevision, mainly in the New York City suburbs.
In the United States, cable and phone companies have chosen to offer very high speed service at higher prices in attempt to earn greater profits from business and professional users. Of course, this means that adoption will be lower than would be expected if the prices were lower.
Source: Gizmodo
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