CMCSA Comcast Corporation Class A

Comcast Expanding Xfinity 10G Network to Rural Florida Communities

Comcast today announced plans to expand its Xfinity 10G Network and bring high-speed Internet services to 25 rural areas in Florida, many of them for the first time, through the State’s Broadband Opportunity Program. These expansions are also a part of Comcast’s commitment to bridge the digital divide by bringing broadband Internet service to new and underserved areas.

Comcast was awarded grants worth nearly $50 Million to bring Internet service to almost 40,000 additional customers through the Florida Broadband Opportunity Program. This competitive reimbursement grant program was created to expand broadband Internet service to unserved areas of the state which will encourage job creation, capital investment, and the strengthening and diversification of local economies.

“Comcast is committed to helping bridge the digital divide. We know that Internet service is a necessity in today’s increasingly digital world,” said Rafael Visbal, Vice President of Market Development for Comcast in Florida. “We have invested millions in the past year alone to expand our network to new communities across the state. Grant funding through the State’s Broadband Opportunity Program will allow us to push further and ensure more Floridians are connected to the vast resources of the Internet.”

Comcast’s grants will fund its expansions in 25 areas spanning 22 counties throughout Florida.

  • Bay County - Cities of Fountain, Southport, and Youngtown
  • Bradford County - Cities of Hampton, Lawty, and Starke
  • Charlotte County - City of Punta Gorda and Port Charlotte
  • Clay County - City of Keystone Heights, Clay Hill, Middleburg, McRae, and Virginia Village
  • Columbia County
  • DeSoto County - Town of Nocatee and unincorporated Brownsville
  • Glades County - City of Moore Haven, Lakeport, and Ortona
  • Hamilton County - City of Jasper and Town of Jennings
  • Hendry County - City of LaBelle and Montura
  • Highlands County - Cities of Sebring and Avon Park
  • Indian River County – Unincorporated Indian River County
  • Jackson County - Towns of Alford, Cottondale, Grand Ridge, and Greenwood and Two Egg
  • Lake County - City of Mascotte; Town of Astatula; and unincorporated Astor and Astor Park
  • Lee County – Lehigh Acres
  • Leon County – Chaires
  • Marion County – Unincorporated Marion Oaks, Ocklawaha, and Silver Springs; and unincorporated Rainbow Lake Estates
  • Martin County - Indiantown
  • Miami-Dade County - City of Homestead, Redlands and unincorporated Florida City
  • Okeechobee County - Unincorporated Okeechobee County
  • Putnam County - Cities of Botswick and Keystone Heights, Towns of Pomona Park, Interlocken, Melrose, and Welaka, Putnam Hall, George's Lake, and unincorporated Crescent City
  • St. Johns County - City of Riverdale, Flagler Estates, and Spuds
  • St. Lucie County - City of Fort Pierce

“Expanding our network to make Internet services available in new areas is just the first step in bridging the digital divide for these rural communities,” said Michelle Oyola McGovern, Vice President of Government Affairs for the Comcast Florida Region. “We still have a lot of work to do, but it is all part of our commitment to digital equity and inclusion. Now it is critical that we work together with our community partners and local government leaders to educate everyone in these areas how to use the Internet effectively and safely, and how to make sure they are utilizing programs they may be eligible for, including Internet Essentials or the Affordable Connectivity Program.”

By expanding the Xfinity 10G Network to new areas and upgrading existing network infrastructure, Comcast is and setting the stage for the introduction of new symmetrical multi-gigabit Internet options that can be delivered across Comcast’s existing networks with less cost.

Comcast’s network and Internet experience are powering homes and businesses today and into the future:

  • Ultimate Capacity: Xfinity customers connect nearly 1 billion devices across the company’s network annually. The Xfinity 10G Network with the next-generation Xfinity gateways deliver the most advanced WiFi technology carrying three times more bandwidth to power streaming, gaming, videoconferencing, and more, simultaneously.
  • Fastest Internet: More than a third of Xfinity Internet customers subscribe to gigabit speed products, and symmetrical gig speeds are planned to come to the first homes later this year.
  • Unprecedented Coverage: The latest Xfinity Gateway provides a more reliable connection throughout the home. Customers can get wall-to-wall WiFi coverage with a powerful Xfinity WiFi Boost Pod that extends coverage to hard-to-reach areas, with plans for an offering of increased support for in-home WiFi through a “boost guarantee” later this year.
  • Most Reliable Connection: Comcast is scaling the nation’s largest and most reliable network – the Xfinity 10G Network – that passes 60 million homes and businesses and counting. The company plans to launch a new device that is “storm-ready” with cellular and battery backup to help keep customers connected even when the power goes out.
  • Ultra-Low Lag: The Xfinity 10G Network and the latest Xfinity Gateway are a powerful combination that deliver ultra-low latency, also known as low lag, for those moments when response times matter most like video games, a fast-growing category with Xfinity households averaging more than one gaming console per home.

, Comcast’s signature digital equity initiative and the nation’s largest and most comprehensive broadband adoption program, will be available in all the expansion markets. Internet Essentials provides in-home Internet access for $9.95 for qualified households, plus multiple options to access online digital literacy and skills training. Qualified households may be eligible to have the cost of their monthly home Internet service paid for through the Federal Communication Commission’s (FCC) Affordability Connectivity Program (ACP). For more information on Internet Essentials and the ACP, visit or call 1-855-8-INTERNET (1-855-846-8376).

For more information on Comcast’s products and services, visit or call 1-800-XFINITY (1-800-934-6489).

EN
06/06/2023

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