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Time Warner Cable is raising its cable modem speed to 5 and 8 million bits per second without increasing prices.

The higher speeds are available in New York City starting Tuesday and will roll out to the rest of the country in January.

Road Runner, the company’s broadband service, has been running on speeds of 3 mbps and its premium service on 6 mbps is generally faster than the competing DSL. Time/Warner also offers wireless cable modems.

Cablevision, Cox, Comcast and RCN all raised speeds earlier this year — without price rises — to between 4 mbps and 7 mbps.

Time Warner also plans to offer Voice over Internet Protocol beginning in 2005. Comcast and Time Warner Cable are supporting a joint venture dedicated to creating an OpenCable Applications Platform (OCAP) middleware implementation. It is intended to enhance the delivery of applications like VoIP and multi-media delivery.

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