Rogers Speeds Up Internet – Analyst Blog
Source: http://www.zacks.com/stock/news/23772/Rogers+Speeds+Up+Internet+-+Analyst+BlogPosted on Wednesday, August 19th, 2009 | In Market Commentary, Stocks to Watch
Recently, a wholly owned unit of Rogers Communications (RCI) announced the launch of ‘Rogers Ultimate High-Speed Internet’ with downloading and uploading speeds of up to 50Mbps and up to 2Mbps, respectively. The service will be available for $149.99 per month for the usage of 175GB. The high-speed Internet service is already available in select areas of Greater Toronto and will be accessible in other markets in the coming months.
Separately, Rogers started upgrading its Extreme Plus service from Aug. 17 by increasing the download speed to 25Mbps from 10Mbps. It will also provide a monthly usage of 125GB to its customers at no additional charges.
Last month, the company launched the high-speed wireless home networking device ‘DOCSIS 3.0 N Gateway’. The combination of ‘DOCSIS 3.0 N Gateway’ and 50Mbps Internet service will provide subscribers with high-speed service, enhanced downloading capacity and fast connectivity among devices.
Over the last decade, Rogers has invested over $1 billion to enhance its network capacity and provide its subscribers with quicker Internet service.
While the Internet currently penetrates 44% of homes on all cable networks, 68% of Rogers Cable’s basic subscribers have access to high-speed Internet service. Rogers also offers digital cable product, which includes HDTV programming and On Demand services with a penetration level of 69%.
Read the full analyst report on “RCI”
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