CMCSA Comcast Corporation Class A

Comcast Increases Internet Speeds for Many Twin Cities Customers at No Additional Cost

Comcast today announced it is more than doubling the speed of its Performance 25 Xfinity Internet tier for existing customers in the Twin Cities area at no additional cost. Customers can now enjoy download speeds of up to 55 Mbps on the rebranded Performance Plus tier. In addition, current Performance Internet tier customers will see their download speeds increase from 50 Mbps to up to 70 Mbps at no additional cost. These new speeds are effective immediately.

“These increases reflect our commitment to bring faster Internet speeds to our customers, just like we’ve done almost every year for more than a decade,” said Jeff Freyer, Regional Vice President, Comcast Twin Cities. “Our goal is to deliver a great value and superior online experience for our customers. Whether gaming, streaming HD videos, or connecting multiple devices at the same time, we want to ensure they have the speeds they need.”

“The Twin Cities is a vital technology hub and our economy depends on fast, reliable Internet service to keep citizens and businesses connected,” said Margaret Anderson Kelliher, President and CEO, Minnesota High Tech Association. “We’re pleased to know metro area residents continue to receive faster internet speeds, and we appreciate Comcast’s ongoing investments across the region.”

The new speeds are already available for customers; if necessary, modems can be re-set by momentarily unplugging the equipment from the power outlet. Comcast will also notify customers who may need to upgrade their modems to receive the increased speeds. Customers who lease modems from Comcast will be able to receive upgraded modems at no additional charge. Customers who own their own modems and need to upgrade to receive the increased speeds will need to purchase a new modem or can lease a new one from Comcast.

Xfinity continues to deliver the best in-home WiFi experience, and most Xfinity Internet customers can enjoy complimentary access to more than 15 million Xfinity WiFi hotspots nationwide. Customers can simply select "xfinitywifi" from the list of available networks on their laptops or mobile devices and enter their Xfinity ID or email and password. Hotspots can be found by either downloading the free Xfinity WiFi App, available on iOS and Android devices, or by visiting the hotspot finder map on www.xfinity.com/wifi.

Comcast offers a wide variety of speed tiers to meet consumers’ needs, whether surfing the web or streaming full-length movies. In fact, Comcast has invested billions of dollars in its network, locally and nationally, to meet consumer demand. The company has now increased speeds 17 times in the last 15 years, delivering speeds in most of its Twin Cities service area from 10 Mbps up to 2 Gbps for residential customers and up to 10 Gbps for business customers.

About Comcast Cable

Comcast Cable is one of the nation's largest video, high-speed Internet and phone providers to residential customers under the XFINITY brand and also provides these services to businesses. Comcast has invested in technology to build an advanced network that delivers among the fastest broadband speeds, and brings customers personalized video, communications and home management offerings. Comcast Corporation (Nasdaq: CMCSA) is a global media and technology company. Visit www.comcastcorporation.com for more information.

EN
20/03/2017

Underlying

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

Reports on Comcast Corporation Class A

Blair Levin
  • Blair Levin

What Policies Matter to Telco’s Success: Supply Side or Demand Side? ...

T CEO John Stankey recently said that “I’ve never seen federal policy this supportive of market-based investment in advanced networks.” That statement raises multiple interesting investor related questions about what does, and does not, support investment in advanced networks, including the relative importance of those policies that drive supply and those that drive demand, and how government is treating advanced networks versus networks that have lower cost structures but also involve lower pe...

Vikash Harlalka
  • Vikash Harlalka

CMCSA: The value unlock trade? Nope. No major change in fundamentals

We shared our view of Comcast’s results this morning. Results were in line and commentary on the business fundamentals were mostly unchanged. In this note following the earnings call and our follow-up conversations, we address the following key investor issues including 1) the big picture value unlock theory; 2) the newly (apparently) amended VZ MVNO agreement; 3) broadband ARPU growth; 4) Connectivity EBITDA growth; 5) 2026 capital spend; 6) wireless net adds, and 7) 2026 FCF.

Vikash Harlalka
  • Vikash Harlalka

CMCSA 4Q25 Quick Take: Results mostly in line; Waiting to hear what’s ...

Comcast’s results were mostly in line with estimates. Broadband losses and ARPU were in line. On the call, we would be keen to hear about subscriber trends in 1Q. We don’t expect any major changes to the stock price based on these results. What will drive the stock today is commentary on 1Q broadband trends and potential ‘value unlock’ from an NBCU spin.

Blair Levin
  • Blair Levin

Can CMCSA Buy CHTR After the Cox Deal is Done?

With the CHTR/Cox deal moving towards approval and CMCSA out of running for WBD, we are again getting questions as to whether CMCSA could buy the combined CHTR/Cox entity. Further, as our New Street colleagues discussed yesterday, there has been a divergence in the stock price performances of Comcast and Charter driven by a potential ‘value unlock’ resulting from a potential split of Comcast cable from NBCU. It is beyond the scope of our expertise to analyze the financial details that could jus...

Vikash Harlalka
  • Vikash Harlalka

CMCSA: Potential Value Unlock?

Investors have been asking about the diverging stock price performance between Comcast and Charter. We believe the reason is an expanding conversation about the potential ‘value unlock’ that could emerge were Comcast to split its cable and NBCU businesses. In this note, we estimate what Comcast could be worth were this scenario to play out. To be clear, we are skeptical. Not that it shouldn’t happen, but rather the Roberts’ are too invested in their belief about the synergy between these entitie...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch