Actually, Federal law limits the franchise fee to 5%, so that's what they all get.
I don't know about your town, but around here, we didn't have to buy $300,000 fire engines and we didn't have to pay 15% of people's pay into the pension fund.
Yes, they were originally the Gutta Percha company that made the insulation for the earliest telegraph cables. They've rather reinvented themselves in recent years, spun off Hong Kong tel which was their largest subsidiary, and now they're sort of a generic global telecom company with a sideline of extracting outrageous monopoly prices from their little island telcos.
R's,
John