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Paying double of new customer, with half the speed. What can I do?

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Currently my father is paying $142/mo for 50/50, extreme HD, phone, 1DVR+1STB Plus tax/fees. (He is 9yr customer) CS rep told me if I renew the contract, it will become $127. I see a promotion for new customer to be $70/mo for 100/100, idk what TV package but probably fewer channels and phone. Still it is half the price we are paying and double the speed. However, I don't know what it is gonna take to make a new account. Will there be down time? Do I have to switch to comcast for a year? Do we keep the same phone number? I'm also thinking about dropping the TV altogether and switch to netflix. AND CS rep refuse to give me a new router......ours is rev.D....... Sorry if this is a lot of questions but I don't know where to start.

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