CMCSA Comcast Corporation Class A

EQS-News: COMCAST BRINGING HIGH SPEED INTERNET TO WAYZATA, MINNESOTA

EQS-News: Comcast Twin Cities
COMCAST BRINGING HIGH SPEED INTERNET TO WAYZATA, MINNESOTA

08.12.2022 / 14:00 CET/CEST
The issuer is solely responsible for the content of this announcement.


Comcast today announced it will be extending its smart, fast and reliable fiber-rich network to make its full suite of services available to more than 2,300 homes and businesses in the City of Wayzata, including residential broadband speeds faster than 1 gigabit per second (Gbps) and business speeds up to 100 Gbps.

The $2.5 million project is on track to start connecting homes and businesses to high-speed Internet by late 2022, with completion of the network throughout Wayzata expected in 2023.

WxlpkeB2.jpg

The expansion of Comcast’s fiber-rich network to Wayzata, along with previously completed expansions in Rogers and Dayton, brings service to nearly 2,900 additional Twin Cities homes and businesses reached by Comcast since 2021. Over the past three years, Comcast has invested nearly $435 million in technology and infrastructure in Minnesota to enhance its network and product offerings to reach more residents and businesses in the surrounding area with gigabit-capable speeds. The Wayzata expansion brings the company’s statewide investment to more than $437 million.

“Comcast’s expansion is welcome news for our residents and businesses in Wayzata,” said Johanna Mouton, Mayor of Wayzata. “As Mayor, I want to be able to offer more choices for our residents so that they can identify the services that work best for them and their needs. In addition, I know the services Comcast brings will be welcomed by our thriving service and retail business sectors.”

“We have committed to investing in and expanding our network to ensure that more residents and businesses across our region have the important broadband connections they need for their educational, professional and personal lives,” said Kalyn Hove, regional senior vice president, Comcast. “We are proud to connect these communities with fast, secure and reliable internet service that is built to meet their needs today and into the future.”

Residential customers in these areas will be able to take advantage of Xfinity’s full suite of internet products, including:

  • Speeds faster than 1 Gbps and advanced WiFi technology from capable of delivering those speeds to support the ever-increasing number of connected devices in homes;
  • , built for the way consumers use mobile today, with the Internet at the core of the experience, the top ranked service in customer satisfaction can save customers up to $600 a year on their mobile bills;
  • , a free 4K platform for internet-only customers that seamlessly delivers streaming content;
  • , available in the Xfinity app, a digital dashboard to control home WiFi network that includes Advanced Security protecting every device on the network from malware and security threats.

Ie6DJnLo.jpg6YluNzJH.jpg

Residential customers will also be able to take advantage of the company’s Internet Essentials program that provides low-cost, high-speed broadband for income-constrained households. Since its inception in 2011, the program has connected more than 344,000 Minnesotans. Comcast also participates in the , which provides qualifying households with a $30 monthly credit toward internet and mobile services.

For local businesses, will offer a suite of connectivity, communications, networking, cybersecurity, wireless, and managed solutions to help organizations of different sizes prepare for what’s next. Powered by the nation’s largest Gig-speed broadband network, and backed by 24/7 customer support, Comcast Business is the nation’s largest cable provider to small and mid-size businesses and one of the leading service providers to the Enterprise market. Comcast Business has been consistently recognized by industry analysts and associations as a leader and innovator, and one of the fastest growing providers of Ethernet services.

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 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

Comcast

Jill Hornbacher

Company Website


News Source: News Direct


08.12.2022 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 Twin Cities
United States
ISIN: US20030N1019
EQS News ID: 1508575

 
End of News EQS News Service

1508575  08.12.2022 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=1508575&application_name=news&site_id=research_pool
EN
08/12/2022

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

BEAD: West Virginia releases final proposal

What’s new: West Virginia released their final proposal last night. Among large broadband operators, Frontier was the big winner. Comcast continues to feature in the list of proposed providers. Fiber continues to be the preferred technology. In this short note, we discuss the proposal, compare the results with our estimates from Broadband Insights database, provide a quick summary of BEAD proposals so far, and discuss the implications for broadband companies.

Vikash Harlalka
  • Vikash Harlalka

2Q25 Broadband Trends

What’s new: in this report we discuss one of the drivers of slower broadband growth – a rise in mobileonly households. While we do not have the data to support it, we discuss the reasons why we find it a plausible explanation for the slower industry growth. We also update our industry forecast and reprise our work on competitive positioning of the operators based on relative cNPS scores.

Vikash Harlalka
  • Vikash Harlalka

BEAD: Louisiana releases final proposal

Louisiana was the second state to release their final proposal at the end of last week. Virginia just beat Louisiana and was the first. Louisiana Local Fiber Consortium, which includes T-Mobile, was the big winner again. Surprisingly, Comcast was the only large Cable operator among the winners. The ILECs won less than we expected. Fiber continues to be the technology of choice for BEAD. In this short note, we discuss the proposal, compare the results with our estimates from Broadband Insights da...

Blair Levin
  • Blair Levin

Could the Trump/Carr Gambits Against CMSCA (and DIS) Backfire?

Recently, we published a note in which we laid out why we thought the FCC Chair’s investigation of CMSCA’s treatment of its network affiliates, like his prior investigation of DIS, was unlikely to lead to a judicially supported resolution; rather, the investigation was designed to provide Carr leverage in any FCC transaction involving CMSCA. We also just published a note discussing how the FCC and DOJ are likely to provide greater consolidation among broadcasters and cable channels, putting econ...

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.

ResearchPool Subscriptions

Get the most out of your insights

Get in touch