Comcast
Comcast Bleeding Broadband Customers
Comcast reported results for the third quarter (Q3) ended September 30, 2023. The company reported the domestic broadband average rate per customer increased by 3.9 percent and drove domestic broadband revenue growth of 3.8 percent. Fierce reported that Comcast continued to lose broadband subscribers in the third quarter, with executives predicting slightly higher losses for Q4. However, the company touted an uptick in broadband average revenue per user (ARPU).
Comcast NBCUniversal Foundation Awards $17,500 Grant to Tri-County Cradle to Career Collaborative in Charleston, South Carolina
Comcast awarded a $17,500 grant to Tri-County Cradle to Career Collaborative (TCCC), a nonprofit in Berkeley, Charleston and Dorchester (SC) counties. The funds from this grant are designed to educate more than 300 families living in rural and urban neighborhoods on the importance of broadband adoption in the home.
Comcast is selling its 600MHz spectrum licenses to T-Mobile because it’s ‘unlikely’ to need them
Several years ago, Comcast acquired wireless spectrum in the CBRS and 600 MHz bands as a key building block to host even more data traffic on its own wireless networks. Beginning Sept 2023, after successful employee tests of the CBRS spectrum, Xfinity Mobile and Comcast Business Mobile customers in Philadelphia will start connecting to the company's new 5G network for the first time. This strong CBRS spectrum performance has made Comcast realize that it is unlikely to need the 600 MHz spectrum licenses that it currently holds to support wireless customers.
The Transformative Power of the Affordable Connectivity Program
The federal government’s Affordable Connectivity Program (ACP) announced a new milestone. Launched nearly two years ago in 2021, it has now connected more than 20 million households to the Internet. This is a remarkable achievement and we at Comcast are proud to participate in the program.
Comcast Is The First Internet Provider to Offer a Back-Up Connectivity Device Designed to Keep Customers Connected During a Storm
Comcast becomes the first internet service provider to offer a product designed to maintain connectivity when a storm hits, trees are down, or a customer experiences a local outage, with the launch of Storm-Ready WiFi. With severe weather impacting many parts of the country, there has never been a greater need for a back-up connectivity solution.
Comcast Reports 2nd Quarter 2023 Results
Comcast reported results for the second-quarter (Q2) ended June 30, 2023.
Comcast Reports 1st Quarter 2023 Results
Comcast reported results for the quarter ended March 31, 2023. The company reported that its domestic broadband average rate per customer increased by 4.5%, driving domestic broadband revenue growth of 4.8% to $6.3 billion. Total domestic broadband customer net additions were 5,000, total domestic wireless line net additions were 355,000, and total domestic video customer net losses were 614,000. Residential connectivity revenue increased, driven by domestic broadband, domestic wireless, and international connectivity revenue growth.
Comcast is Investing $280 Million to Upgrade our Network, Expand Internet Service, and Support Communities in the Pacific Northwest
Comcast’s new Pacific Northwest Region is investing $280 million in 2023 to offer multi-gigabit Internet speeds to more than four million locations, expand broadband and video services to more than 60,000 additional homes and businesses, and provide donations and in-kind services to communities throughout Oregon and Washington. The investment will significantly expand and evolve the availability of the Xfinity 10G Network across the Pacific Northwest in 2023.
Comcast Reports 4th Quarter and Full Year 2022 Results
Comcast reported results for the quarter and year that ended December 31, 2022. Highlights in Comcast's broadband developments include the following: