Comcast (Nasdaq: CMCSA) told you so. When Frontier Communications (NYSE: FTR) took over Verizon's (NYSE: VZ) FiOS TV business last year, Comcast warned potential customers that Frontier is "best known as a rural home telephone provider" and not a TV service provider. Now Frontier apparently agrees that TV is not the place to be--or at least a place it can afford to be.
"We don't have the scope and scale as some of the larger cable companies," Frontier spokesman Matthew Kelley said, promising to make "more information available by Tuesday of next week" on the carrier's plans to substantially--probably impossibly--raise TV rates from $12 to $30 a month.
- the Fort Wayne Journal-Gazette has this story
Does Frontier's rate hike signal that it wants out of the TV space?
Frontier vows smooth transition for Verizon FiOS customers
Frontier's FiOS cable TV rates to skyrocket, effectively ending competition with Comcast