Optimum Online® Completes Significant Value-Added Speed Increase for All Customers
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Core Service Now Offering Up to 15 Megabits-Per-Second Downstream to All Customers at No Additional Cost
New Optimum Online Boost Premium Tier Delivers Up to 30 Megabits-Per-Second Downstream and Business-Grade Internet Tools
BETHPAGE, N.Y., June 21 / -- Cablevision Systems Corp. (NYSE:CVC) today announced the completion of a significant value-added speed upgrade for all Optimum Online high-speed Internet customers, and the introduction of a 30 megabit-per-second (Mbps) premium tier, Optimum Online Boost, for residential and business customers across its entire New York, New Jersey and Connecticut service area.
"This is a significant moment for the company and for our customers, because we are building on our leadership position in high-speed Internet by delivering a very meaningful speed increase to all customers at no additional cost," said Patricia Gottesman, Cablevision's executive vice president of product management and marketing. "At the same time, we have introduced a supercharged premium tier that delivers a superior Internet experience to both residential and business customers across our entire market."
"With this speed increase and new premium tier we are extending the value and appeal of our service to high-use residential customers and also to hundreds of thousands of business customers across the New York metropolitan area. More than 40 percent of the homes passed by our fiber-rich network already take Optimum Online, an industry-leading rate of market acceptance that reflects the quality, value and reliability of our service," Gottesman added.
Optimum Online now delivers downstream speeds of up to 15 Mbps and up to 2 Mbps upstream, a significant increase at no additional cost from former speeds of 10 Mbps downstream and 1 Mbps upstream. In addition, residential and business customers can upgrade their broadband service with Optimum Online Boost, a new premium tier, which provides downstream speeds of up to 30 Mbps, 2 Mbps upstream, along with a host of advanced new product features. Optimum Online Boost is available for an additional cost of $14.95 per month, $9.95 per month for residential customers who also subscribe to Optimum Voice.
Optimum Online Boost, the nation's fastest broadly deployed high-speed Internet service, is now available across Cablevision's entire market of 4.5 million homes and hundreds of thousands of businesses. The premium service offers speeds 39 times faster than the 768 kilobits-per-second (Kbps) DSL service currently being broadly marketed by phone companies. In addition to speed, Optimum Online Boost includes a host of new features and benefits designed for residential and business customers with higher-bandwidth needs, including:
o Up to 15 e-mail addresses with 1 gigabyte of storage per address, for a total of 15 gigabytes of storage, and the ability to send extremely large e-mail attachments in excess of 20 Megabytes.
o Web hosting capabilities, with tools that enable customers to build and maintain their own Web sites.
o Advanced configurations that include DDNS, Port 25 and Port 80.
Optimum Online provides service to more than 1.8 million customers, 40 percent of the homes passed by Cablevision's fiber-rich network and more than half of all Internet-connected homes in Cablevision's service area. For the second year in a row, the readers of PC Magazine named Cablevision's Optimum Online the top broadband service in the nation according to the publication's 18th Annual Reader Satisfaction Survey for Internet Service Providers (ISPs). Optimum Online received the coveted Reader's Choice Award and was given the highest overall rating among all broadband providers in the nation, with top ratings in the categories of speed and reliability.
About Cablevision
Cablevision Systems Corporation is one of the nation's leading entertainment and telecommunications companies. Its cable television operations serve more than 3 million households in the New York metropolitan area. The company's advanced telecommunications offerings include its iO: Interactive Optimum digital television, Optimum Online high-speed Internet, Optimum Voice digital voice-over-cable, and its Optimum Lightpath integrated business communications services. Cablevision's Rainbow Media Holdings LLC operates several successful programming businesses, including AMC, IFC, WE and other national and regional networks. In addition to its telecommunications and programming businesses, Cablevision owns Madison Square Garden and its sports teams, the New York Knicks, Rangers and Liberty. The company also operates New York's famed Radio City Music Hall, and owns and operates Clearview Cinemas.
Source: Cablevision Systems Corp.
CONTACT: Jim Maiella, +1-516-803-3947, or Marie Stenberg,
+1-516-803-2352
Web site: http://www.cablevision.com/
