Time Warner Cable and AT&T have both told the Wall Street Journal they won’t boost Internet speeds above 20Mbs anytime soon.

Last week, Comcast launched a superbroadband service in Minnesota offering consumers download speeds of 50 megabits a second for $150 a month, more than double the cost of its standard broadband plan. It plans to offer the new service in 20% of the area it serves by year end and to offer speeds in excess of 100 megabits a second in two years…

The cable operator hopes the new offering will allow it to catch up with Verizon, which offers top Internet speeds of 50 megabits a second through its FiOS fiber-optic network. Verizon offers that service in parts of New York for $90 a month and for $140 a month in other states.

Verizon says equipment now in the field lets it boost broadband speeds to more than 100 megabits a second. What’s more, last year it started adding new equipment that will allow for speeds of as much as 400 megabits a second, says Verizon spokesman Eric Rabe…

For consumers not served by Comcast or Verizon, such speeds may be a long time off. Time Warner Cable and AT&T offer top speeds of 20 megabits and 10 megabits a second, respectively. These services typically cost from $50 to $60 a month. Both companies question whether consumers need higher speeds right now.

Speeds of 400 Mbs? That makes my supposedly 3.5 Mbs (but really about 200Kbs) DSL service seem very slow.

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