Time Warner Cable bumps speeds for 100K Austin subs; service now tops out at 300 Mbps

Austin city officials now have a great civic selling point to attract new residents, businesses and visitors: some of the fastest Internet connections in the nation.

With AT&T (NYSE: T) already establishing a fiber-based, 1 Gbps-capable service in the area, and Google (NASDAQ: GOOG) set to launch a similarly fast one later this year, Time Warner Cable (NYSE: TWC) on Wednesday announced that it will increase the speeds for 100,000 local ISP customers--approximately 40 percent of its subscribers in this market--starting June 3 and wrapping up sometime in the fall.

As part of what TWC touts as a $60 million investment in its Austin network, local subscribers across the company's six offered speed tiers will see increases at no added charge to their bills.

For example, those currently receiving the minimum 15 Mbps speed will see their speedometer go up to 50 Mbps, while the top tier, currently clocked at 100 Mbps, will go to 300 Mbps.

TWC notes that some subscribers will need a DOCSIS 3.0 modem to enjoy the full benefit of their speed increase.

Additionally, TWC said it added more than 2,000 Wi-Fi hot spots in Austin, as well as more than 250,000 nationwide.

For more:
- see this Multichannel News story
- see this press release

Related links:
Cox takes on AT&T and Google Fiber in 1 Gbps fiber race
Comcast jumps to No. 3 in Netflix's speed rankings, but Canadian telcos surpass U.S. broadband speeds