American cable giant Spectrum is raising its TV, internet and phone plan prices in July.
Spectrum’s internet base price will increase by $3 a month for all plans beginning in July, CNET reported.
The provider’s home phone plans and TV Select service will also increase by $3 in some states.
It is the second time Spectrum – one of America’s main cable providers along with Comcast Xfinity, DirecTV and Dish – has hiked it rates this year alone.
In January, Spectrum raised its low-income plan from $20 to $25 a month.
Spectrum’s internet base price will increase by $3 a month for all plans beginning in July
The provider’s home phone plans and TV Select service will also increase by $3
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At the same time in January it also raised the price of renting a router from the company from $5 to $7 per month.
Existing customers wishing to negotiate the price rises may have trouble contacting the company’s customer service – because call centers have recently been shut.
Spectrum closed three call centers over the last two months, laying off 745 employees in the process, the outlet reported.
It comes after a recent earnings report shows Spectrum lost 72,000 internet customers and 405,000 cable TV customers in the first three months of 2024.
‘We continue to expand and improve our offerings to ensure all customers have products and packages that best meet their needs,’ Spectrum said in a statement.
‘While our services have been impacted by rising costs, we strive to keep prices as low as possible.’
The price rises come amidst a reckoning for internet and streaming consumers as more and more providers raise their prices.
Last week, Paramount announced that it would be hiking the price of its streaming service as it looks to boost falling profits.
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Warner Bros Discovery has raised the price of its ad-free Max subscription for the second time
The vast majority of streaming platforms have increased in price in the last year – some by as much as 43 percent
Spotify announced that the cost of its ‘Individual’ ad-free premium subscription plan in the US will go up by $1 a month to $11.99
The Paramount+ Essential option is set to rise by $2 to $7.99 for new customers – which works out as a huge 33 percent price rise.
It is also upping the bundle with Showtime by $1 to $12.99 – for both new and existing customers. Prices rises take effect on August 20.
Warner Bros. Discovery has also angered customers by raising the price of its ad-free Max subscription for the second time.
The $1 price rise to $16.99 a month for the ad-free tier took effect last month for new subscribers.
The ‘ultimate’ ad-free option, which offers 4k streaming and the ability to run four accounts at the same time, will also be raised by a $1 to $20.99.
The streamer is also raising its annual ad-free plan by $20 to $169.99 a year, with the ultimate version increasing to $209.99 a year.
Spotify also announced last month that the cost of its ‘Individual’ ad-free premium subscription plan in the US will go up by $1 a month to $11.99.