Comcast is seeing Google Fiber's 1 Gbps broadband service and raising it. The cable conglomerate announced Thursday that it will offer symmetrical 2 Gbps service to 1.5 million customers in Atlanta starting in May, with eventual plans to to extend the service to 18 million residences by the end of this year.
In a closed-door hearing, Comcast executives reportedly told FCC officials that it should not be forced to sell NBCUniversal programming to the OTT services of rivals beyond 2018.
I'm writing this in the middle of an interesting and busy morning for the cable industry. As number-three MSO Charter Communications announced it was scooping up Bright House in a $10.4 billion transaction, Comcast announced it was spinning off Michael Angelakis, its chief financial officer, into a new investment venture. Could Comcast be looking to dominate the online video space?
Charter Communications' proposed $10.4 billion purchase of Bright House Networks augments its position in the business services market, which is currently dominated by Comcast and Time Warner Cable. With the deal, and its associated Ethernet footprint that includes 18,000 miles of fiber, Charter increases its scale across business services in a number of key vertical industry segments, including healthcare, hospitality, government and education.
thePlatform, the video publishing company owned by Comcast, announced today it scored two new customers: Stan in Australia and shomi in Canada. The news underscores the growth of the subscription video-on-demand market and Comcast's solidifying position as a supplier of back-end video processing technology for new entrants into the space.
The promotions of customer service boss Charlie Herrin and video services general manager Matthew Strauss highlighted what was a flurry of 20 executive promotions for Comcast.
Comcast will invest $4 billion in a new strategic investment spinoff, with Michael Angelakis stepping down from his CFO position to run it. Angelakis will invest $40 million of his personal wealth into the new venture.
Comcast Business is bringing its Gigabit Ethernet services to six communities in New London County, Connecticut, bringing the total number of towns and cities in the state to 66 that have access to its services.
Responding to the latest back-and-forth from a coalition opposing its proposed merger with Time Warner Cable, Comcast shot back at the assertion that it rejected an opportunity to have NBCUniversal participate in Apple's upcoming over-the-top pay-TV service.
Comcast is getting close to the official debut of its voice-activated remote control, the XR11, and is already making it available to customers for early trials.