Comcast has just announced that they are now offering a blazing-fast 2Gbs Internet service plan in select markets. Yes, you read that right. That’s 2Gbps!
To put that into perspective, Comcast’s new “Multi-Gig” service offers twice the “Internet on steroids” speed of Google Fiber.
Of course as with all things Comcast, this announcement includes a mixture of good news and bad news.
First, the good news…
1 – Multi-Gig is a symmetrical service, meaning it comes with both 2Gbps upload speeds and 2Gbps download speeds.
2 – 2Gbps is FAST!!!!!!
And now the bad news (brace yourself):
1 – The new Multi-Gig Internet service is currently available only in certain parts of the states of Florida, Georgia, Illinois, Indiana, Michigan, Tennessee, and California.
2 – The service costs a whopping $299.95 per month.
3 – Comcast charges a $500 installation fee, and then tacks on a second $500 activation fee. That’s a total of $1000 that subscribers will need to pay up front before the service is even installed. And that doesn’t include taxes or any other miscellaneous fees that might apply!
4 – Installation of your 2Gbps Internet service could take anywhere from 6 to 8 weeks after you have paid the installation and activation fees.
5 – If you decide to break the minimum 2 year service agreement, Comcast will ask you to pay a $1000+ early termination fee.
6 – And last, but not least, the specified 2Gbps upload and download speeds are not guaranteed. Your actual data transfer speeds could possibly be slower than that.
Bottom line: As you can see, Comcast’s blazing-fast Multi-Gig Internet service isn’t for everyone because of its sky-high cost and caveats.
That being said, I believe this is the start of an exciting era of increased competition in terms of Internet speed and (eventually) prices among the various Internet Service Providers. But as they say, only time will tell.
Click here to read more about Comcast’s new 2Gbps Multi-Gig Internet service on the Comcast website.