Verizon-Frontier deal a 'validation' of our convergence strategy, says Comcast CFO

Verizon's $20 billion move to acquire Frontier Communications as part of an effort to expand and scale its convergence strategy is considered a compliment at Comcast. "That's validation of what we're doing. People are coming our way," Comcast CFO Jason Armstrong said. While it's true that Comcast and other cable operators have had their share of fits and starts getting into the mobile business, the operator's latest approach—an MVNO deal with Verizon paired with the deployment of a large Wi-Fi network and targeted CBRS spectrum rollouts—has been successful with respect to adding heaps of mobile lines. Armstrong also held that Comcast, with 63 million homes passed by its wireline networks and DOCSIS 4.0 upgrades in motion, continues to maintain a sizable network coverage advantage compared to the current, combined fiber footprints of AT&T, T-Mobile and Verizon, even when factoring in the proposed Frontier acquisition.