Comcast will offer its customers a one-time $49 monthly payment to stream video over the internet at a rate of $49 per month.
The company, which is owned by Charter Communications Inc., announced the move Wednesday.
Comcast will now offer unlimited data plans for $49 a month, the company said in a statement.
Comcast said customers can sign up for a $29.99 monthly data plan and receive a second, unlimited plan.
Comcast’s plans will include unlimited video, voice and high-speed internet services at $39.99 a month.
Charter said it will also offer unlimited video and voice services at a discount to Comcast.
Comcast currently offers data plans at $99.99.
The deal comes amid a wave of consolidation across cable companies and the rise of new Internet services, such as Netflix, Amazon and Hulu Plus.
Comcast has also been trying to make a name for itself with video services.