The cable operator’s Spectra broadband internet service, which is based in Brooklyn, New York, has been the most expensive broadband service available since the Internet was launched in 1996, according to research firm MoffettNathanson.
Comcast is one of the few U.S. providers of high-speed broadband that competes directly with cable television.
But in a move that would make the company’s competitors nervous, the cable operator recently announced plans to sell its Spectra internet service to Comcast for $60 per month, $40 less than the $80 per month price it charged for its original internet service.
In an e-mailed statement, Comcast said its Spectrum internet service will be discontinued in 2019 and will be replaced by its own cable-based internet service which will be available at an introductory rate of $10 per month.
Composite image via ShutterstockA Comcast spokesman declined to comment.
The new internet service comes after Comcast has also been selling high-end wireless internet service for a much lower price than the Spectra.
The company recently said it would discontinue the Spectrum service in 2019.
The Spectra was the companys first internet service that did not require a broadband connection, but was designed for use with laptops, cellphones and personal computers.