Charter raises Spectrum Internet prices by $5 per month

Cable operator Charter Communications is now offering customers across its 41-state footprint access to its $49.99 per month Spectrum One broadband and mobile service bundle. But in the background, the operator also moved to hike its standard pricing, which Spectrum One customers can expect to pay once their 12-month promotion wears off. Executives mentioned plans to hike broadband prices on Charter’s Q3 2022 earnings call, stating the move was a response to inflationary pressure. However, they didn’t provide specifics. It’s worth noting that Charter is battling increased competition from fixed wireless access players. Notably, two key opponents in this space – Verizon and T-Mobile – have offered broadband customers long-term pricing guarantees.