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Usman Shah

Cable Companies Revenge!!

With the TV turning its back on cable providers and going more towards Internet television. Cable companies still hold a Ace of Spades, they still provide our Internet. Companies like Verizon Communications Inc (NYSE: VZ), Comcast Corporation (NASDAQ: CMCSA) and Time Warner Cable Inc (NYSE: TWC) will lose the cable business due to Internet TV. They will still be our Internet provider, they will make the money one way or another. The industry is getting aggressive about billing customers based on how much data they use, as opposed to a monthly flat rate. This is good for people who barley use Internet, I don't think many of those exist our whole life is based on internet now. According to Comcast using internet to broadcast TV be about 648  gigabytes of data per month, that would be over $60 a month just for watching internet TV, now to add regular internet, use of cell phone wife and other devices that use data. Now multiply that by the number of people living in your house and using data, your internet bill can be in hundreds of dollars monthly. I guess Satellite Internet is the next big market to invest in.