Time Warner Will Boost Cable Speed

Time Warner Boosts Cable Speeds

Time Warner has unwrapped a holiday gift for its cable Internet subscribers: faster downloads. The company plans to roll out increased speeds of 5Mbits and 8Mbits per second, a 2Mbit boost for its standard and premium RoadRunner cable offerings. Customers in New York will see the improved download speeds starting next Tuesday, while the rest of the country will reap the benefits come January. Time Warner says it will not increase prices for its 3.7 million broadband users.

Makes you wonder what they were doing with all this bandwidth before now? Oh.. I guess we know.

The U.S. Government Wednesday announced that an agreement with Time Warner has been reached to settle a lawsuit alleging its AOL unit purposely inflated revenue, and will pay fines of $210 million. In an unrelated case, Time Warner is also expected to dole out $300 million more to the Securities and Exchange Commission.