Time Warner Cable says there’s no consumer demand for gigabit internet

Confused

Speaking at the Morgan Stanley Technology Conference, Time Warner Cable’s Chief Financial Officer Irene Esteves seemed dismissive of the impact Google Fiber is having on consumers. “We’re in the business of delivering what consumers want, and to stay a little ahead of what we think they will want,” she said when asked about the breakneck internet speeds delivered by Google’s young Kansas City network. “We just don’t see the need of delivering that to consumers.” Esteves seems to think business customers are more likely to need that level of throughput, and notes that Time Warner Cable is already competitive . “We’re already delivering 1 gigabit, 10 gigabit-per-second to our business customers, so we certainly have the capability of doing it.” The executive claims that residential customers have thus far shown little interest in TWC’s top internet tiers. “A very small fraction of our customer base” ultimately choose those options, she said.

Just let that sink in and then if you want you can read the rest @ The Verge.

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