Comcast adds $2 to fee for leasing cable modems

A few months after Comcast started doubling high-speed Internet speeds for Colorado subscribers free of charge, the company has hiked the monthly fee for leased cable modems by $2, or 67 percent.

The majority of Comcast's Internet customers lease modems from the company, and in January that monthly charge went from $3 to $5.

Comcast says the increase is related to its technology upgrades.

"We continually invest in providing customers with next-generation equipment and technology that delivers advanced Internet services with enhanced capabilities," spokeswoman Cindy Parsons said in a statement. "Our costs for this new equipment will increase by 167 percent over the next two years."

Parsons also noted that customers can purchase a modem from a retailer rather than leasing one.

Comcast is raising the fee nationwide, though it has been instituting the change market by market.

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