Comcast Cuts Price on 50 Mbps Service

logoUpdated: Comcast (s cmcsa) will drop the price of its ultrafast 50 Mbps up down/10 Mbps down up broadband to $99.99 per month with the purchase of one other Comcast service. That’s almost 30 percent less than the original price of $139.95 per month. The new pricing takes effect on June 15. For those who prefer to go naked, and only buy high-speed data access, the cost will drop to $116.95 per month. The price cuts are likely a response to increasing competition from Verizon’s (s vz) FiOS service (which costs $139.95 per month for a similar tier with faster upload speeds), as well as a way to entice more users to the top tier. Update: Comcast competes with Verizon FiOS in 12 percent of its footprint. Comcast’s 22 Mbps downstream/5 Mbps upstream tier remains at $62.95 per month. Comcast also announced plans to deliver superfast broadband powered by its DOCIS 3.0 rollout to Washington, D.C., in the next few weeks.