LOS ANGELES -- Time Warner Cable Inc. is doubling the Internet speed of its fastest product and more than halving the price of its lowest-speed product to compete with its telecoms rivals AT&T and Verizon.
The nation's second-largest cable TV provider is now doubling the download speed of its top-tier "Ultimate" service to 100 Megabits per second.
The speed upgrade is being rolled out now to customers in Los Angeles and will come to New York City and Hawaii by the end of the year.
The "Ultimate" tier costs $105 per month without promotional pricing.
On the bottom end, New York-based Time Warner Cable is doubling the download speed of its "Lite" product to 2 Mbps and dropping the price without promotions to $15 per month from $35 per month.