posted on October 03, 2012 10:42
Time Warner Cable is planning to start charging customers a monthly fee of $3.95 for renting a cable modem from the company.
It emailed notifications to customers this week, saying that the new fee would go into effect over the next two months.
Internet customers who want to avoid the monthly fee can purchase a modem of their own and have Time Warner Cable activate it.
The company said the new fee was necessary to make up for the cost of distributing and replacing cable modems over time.
Cable companies imposing this kind of fee isn't too rare. Comcast, for example, charges a modem rental fee of $7 a month.
Here is a list of compatible modems according to Time Warner.