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May 10, 2008

Cable TV provider Cablevision announced plans yesterday to offer high-speed wireless Internet services based on Wi-Fi technology.

During a conference call regarding the company’s first-quarter report, Cablevision COO Tom Rutledge reportedly said that about 52.3 percent of subscribers in its coverage area subscribe to high-speed Internet service.

This offers the company the “critical mass” to begin offering wireless services at large, Rutledge added.

The new Wi-Fi network is expected to have speeds up to 1.5 megabits per second.

Cablevision said it expects to complete its Wi-Fi project in 2010.

The cable TV provider estimates building the new network could cost upward of $100 a customer.

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Source: Cablevision.