CMCSA Comcast Corporation Class A

EQS-News: COMCAST ANNOUNCES NETWORK CONSTRUCTION IN WHATCOM COUNTY

EQS-News: Comcast Washington
COMCAST ANNOUNCES NETWORK CONSTRUCTION IN WHATCOM COUNTY

24.10.2022 / 17:55 CET/CEST
The issuer is solely responsible for the content of this announcement.


Comcast today announced it has begun construction in the public rights of way to expand service to hundreds of homes in the City of Sumas. Comcast is investing more than $4.2 million to bring the entire suite of Xfinity and Comcast Business services to the citizens and businesses in the rural community of Whatcom County. The company has created an online resource for local residents seeking information about the network construction in their neighborhood, including answers to frequently asked questions and product and service details at: .

The expansion is the latest example of Comcast’s investment in Washington state. Comcast has made $1B in technology and infrastructure investments in Washington during the last three years, including expansion and upgrades to our network. As a result, more than 2.8 million Washington homes and businesses have access to Xfinity and Comcast Business products and services with access to speeds of 1.2 gigs or more from the company’s network. We also operate nearly 90,000 public Xfinity Wi-Fi hotspots that are available to Comcast customers statewide.

“It is going to be great to have Comcast here. It will give us more options and better service to provide high-speed internet. Local businesses are all looking forward to the reliable service that Comcast provides,” said Bruce Bosch, Mayor, City of Sumas. “If you are a home buyer or a new business that wants to move into town, having Comcast makes your decision to move to an easy one.”

Once construction is completed, Sumas residents will have access to the entire Xfinity product suite, from – the largest and most comprehensive low-cost internet adoption program for low-income Americans – to services, which delivers up to 10 gigabits-per-second (Gbps) of network capacity to local businesses.

“I think that internet connectivity and WiFi are somewhat taken for granted today. When you do move out this far, you really get to experience that,” said Herman Sihota, owner and operator, Tarsem Farms in Sumas. “Gig speed technology on our farm would be a game changer. Right now, there are not a lot of options, and I am excited to get a more reliable broadband service provider out to our area.”

Comcast serves more than 1.7 million residential and business customers throughout Washington state. Comcast is Washington’s leading provider , , smart home and phone services. To learn more about Comcast in Washington, visit: .

“Access to technology is a powerful driver of economic growth and innovation, and we look forward to connecting Sumas residents to all the opportunities broadband offers. Comcast’s $4.2 million investment will expand our network over 40 miles and connect homes and businesses to reliable and fast broadband service,” said Roy Novosel, vice president of engineering, Comcast Washington.

About Comcast Corporation

Comcast Corporation (Nasdaq: CMCSA) is a global media and technology company that connects people to moments that matter. We are principally focused on broadband, aggregation, and streaming with over 57 million customer relationships across the United States and Europe. We deliver broadband, wireless, and video through our Xfinity, Comcast Business, and Sky brands; create, distribute, and stream leading entertainment, sports, and news through Universal Filmed Entertainment Group, Universal Studio Group, Sky Studios, the NBC and Telemundo broadcast networks, multiple cable networks, Peacock, NBCUniversal News Group, NBC Sports, Sky News, and Sky Sports; and provide memorable experiences at Universal Parks and Resorts in the United States and Asia. Visit for more information.

Contact Details

Andy Colley

Company Website


News Source: News Direct


24.10.2022 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at -news.com


Language: English
Company: Comcast Washington
United States
ISIN: US20030N1019
EQS News ID: 1470797

 
End of News EQS News Service

1470797  24.10.2022 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=1470797&application_name=news&site_id=research_pool
EN
24/10/2022

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Comcast Corporation Class A

Vikash Harlalka
  • Vikash Harlalka

Autumn for Broadband 2Q25

In this installment of our Autumn for Broadband series, we provide a quick update on trends in the broadband market based on what we have seen from the companies that have reported so far. Net adds remained nearly flat compared to a year ago (when adjusted for ACP impact) but were within the pre-pandemic norm. Industry subscriber trends have mostly stabilized over the past 3 quarters, but y/y growth remains below pre-pandemic levels.

Vikash Harlalka
  • Vikash Harlalka

Comcast Post-2Q25 Model Update

In this note, we cover changes to our estimates, and comparisons with guidance and consensus. Please see separate notes reviewing results (here) and thoughts following the earnings call. The most significant changes are slightly lower broadband losses and higher FCF in 2025. No change to thesis. Price target is $37 (+12%).

Vikash Harlalka
  • Vikash Harlalka

CMCSA: Thoughts following the 2Q25 call

In this note we provide our thoughts on connectivity revenue and EBITDA, the changes in pricing strategy, broadband ARPU growth and wireless net adds in back half of the year, fiber overbuilds, savings from tax reforms and usage of the proceeds. Finally, we touch on what to do with the stock.

Vikash Harlalka
  • Vikash Harlalka

CMCSA 2Q25 Quick Take Strong results; Broadband losses lower; EBITDA b...

The key focus going into today’s results were the magnitude of broadband losses and whether C&P EBITDA would grow. Comcast reported lower-than-expected broadband losses and C&P EBITDA grew slightly.

Jonathan Chaplin
  • Jonathan Chaplin

New Cable MVNO – implications for Cable and Mobile operators

Charter and Comcast announced that they have signed an MVNO with T-Mobile that will target new business customers (here). In this quick note we provide thoughts on implications for Verizon, T-Mobile, Charter, Comcast, and the industry more broadly.

ResearchPool Subscriptions

Get the most out of your insights

Get in touch