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Splitting cable for second internet and tv

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I am in the process of finishing my basement. Currently, the cable comes into my basement and splits up to go around the house. The splitter has 1 more unused spot, so I will use that for the basement. I would like to have cable and internet (preferably hard wired) down there. I have 2 questions:

1. Will splitting the one slot into cable and internet affect my signal?

2. Is it possible to keep the internet I have on my second floor (working as a wireless router and hard wired connection), and use the split in the basement to hook up another modem/router that would be used to hard wire multiple internet devices (smart tv, PS3, maybe a desktop)? Or would I have to move the wireless router and modem from the second floor down to the basement?

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