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Business Journals
2 days ago
- Business
- Business Journals
How Comcast's broadband expansion is advancing economic development and digital literacy in Rio Rancho
Comcast has completed more than half its expansion project in Rio Rancho, bringing its fast, secure and reliable fiber network to more than 20,000 homes and businesses — with more to come. This includes Xfinity Internet with speeds faster than 1 gigabit, Xfinity Mobile, and Comcast Business Internet and Mobile. 'We are proud to continue bringing our next-generation broadband network to Rio Rancho,' said Chris Dunkeson, area vice president for Comcast. 'This expansion represents a significant investment in the community, providing residents and businesses with access to high-speed internet that is essential for today's digital world.' Faster internet service now, more to come This $150 million multiyear expansion adds to the company's $305 million investment in New Mexico over the past three years. According to Comcast, gigabit internet service transmits data up to 1 gigabit per second (Gbps) – or 1,000 megabits per second (Mbps). At that speed, you can download a full HD movie in a few minutes, update your smartphone's operating system in seconds and join videoconferences with ultra-high-definition video. expand When construction is complete, all Rio Rancho residents will have access to Comcast's Xfinity suite of products and services, including internet, video, mobile, voice and managed home solutions. Benefits for new and existing industries Local businesses also are gaining access to Comcast Business, which offers a suite of connectivity, communications, networking, cybersecurity, wireless and managed solutions to help organizations of all sizes prepare for what's next. 'This broadband infrastructure has become the backbone of economic growth and helps attract new industries to strengthen the local economy,' said Jerry Schalow, president of the Rio Rancho Regional Chamber of Commerce. 'Meanwhile, this fiber network helps our existing businesses in a hugely positive way. Rio Rancho is strong in high-tech, manufacturing, health care, retail and restaurants. Businesses in these industries are thriving because of the reliability and power of the Comcast network.' As construction phases are completed, residents and businesses will be notified when they can sign up for service. They can also visit and enter their addresses for additional details on construction timing and upcoming service availability. Construction will continue throughout 2025 and is scheduled to be fully complete by 2026. Expanded opportunities to connect and learn Comcast's commitment to the communities it serves goes beyond network expansion and aims to increase economic mobility through programs that help bridge the digital divide. Among these programs are Internet Essentials, which offers low-cost, high-speed internet to eligible customers, and Lift Zones, which offers free internet access for students and families. Comcast is investing in local nonprofit partners, including R4 Creating and ReadWest Inc., along with economic development and business growth partners such as the Rio Rancho Regional Chamber of Commerce and Sandoval Economic Alliance. Cyndy Ratliff, executive director at ReadWest, said the nonprofit has a Lift Zone at its location that provides a reliable space for students to connect and learn. Adult learners also benefit from the space, and job seekers have used the Lift Zone to apply for jobs. Comcast also donated 25 laptops that residents are using for remote study, in their professional development and to connect with telemedicine providers. Comcast's financial support allows ReadWest to focus on digital literacy, including for the elderly. This includes teaching them how to recognize cyberscams, perform online banking and connect with others through social media. 'Comcast's support has had a positive impact on the citizens of Rio Rancho,' Ratliff said. 'Boosting digital literacy skills creates equity in our learning opportunities, especially for those who previously didn't have access to these tools and this kind of education.'
CNA
24-04-2025
- Business
- CNA
Comcast reports higher broadband subscriber losses as competition heats up
Comcast reported a larger-than-expected decline in broadband customers in the first quarter on Thursday, hit by intense competition from wireless carriers that bundle mobile services with high-speed internet plans. Broadband customers decreased by 199,000 in the quarter, higher than the 139,000 losses it reported in the last three months of 2024. FactSet analysts had expected the company to shed 146,100 broadband customers. U.S. telecom operators have boosted their plans with attractive trade-in deals and price guarantees as they compete for a shrinking pool of new users. The media giant responded in mid-April with new pricing plans along with five-year price locks for new broadband customers to stem subscriber losses in its Xfinity Internet service. Comcast's studio revenue was up 3 per cent to $2.83 billion, helped by the continued success of films "Wicked" and "Nosferatu" released in the fourth quarter. The company's first-quarter revenue of $29.89 billion beat estimates of $29.77 billion, according to data compiled by LSEG. Streaming service Peacock reported an adjusted core loss of $215 million, narrower than $639 million reported a year earlier. Revenue at its theme park business fell 5.2 per cent to $1.88 billion in the quarter, due to the Los Angeles wildfires in January, impacting several services in Hollywood. Comcast's much-awaited "Epic Universe" theme park is set to launch next month with five immersive worlds and more than 50 attractions.
Yahoo
15-04-2025
- Business
- Yahoo
Comcast Launches Five-Year Price Guarantee for Xfinity Internet Customers
New Plans Start at $55 a Month Guaranteed for Five Years; Includes Best-in-Class WiFi Equipment and Unlimited Data; No Annual Contract Required All New Xfinity Internet Customers Can Add a Line of Xfinity Mobile with WiFi PowerBoost, Delivering Gig Speed WiFi PHILADELPHIA, April 15, 2025--(BUSINESS WIRE)--For the first time, Comcast is introducing the option to choose a five-year price guarantee when customers sign up for a new Xfinity Internet package. The nationwide offer includes Xfinity's best-in-class WiFi gateway and unlimited data – for one simple monthly price starting as low as $55 per month. The rate is locked in for five years with no annual contract required, giving customers the freedom and flexibility to cancel at any time without penalty. The price guarantee is rolling out as part of Xfinity's mission to deliver transparent, nationwide pricing that is clear and consistent, and increase the value customers receive from its fast, reliable, and secure Internet products. "We're addressing two significant consumer pain points – rising costs and transparency – with incredible value and easy-to-understand pricing that is locked in for five years," said Steve Croney, Chief Operating Officer, Connectivity and Platforms, Comcast. "Our new price guarantee removes complexity, and when our customers also take mobile, they get the nation's largest converged network, which automatically delivers gig speeds wherever they go." Customers who sign up for Xfinity Internet and opt for the new five-year price guarantee will receive: Reliable, Powerful WiFi: New customers will receive an Xfinity Gateway that delivers incredible bandwidth capable of connecting upwards of 100 devices across the home. They also have access to Comcast's WiFi network, the largest and fastest in the nation, to extend their connectivity experience on the go for no additional cost. Unlimited Data: Unlimited data is included for every customer who chooses a plan with a price guarantee. Xfinity Mobile Included: The five-year guarantee includes an unlimited Xfinity Mobile line at no cost for a year. Gig Speeds at Home and On the Go: More than 90 percent of Xfinity Mobile data traffic happens over WiFi, and now mobile customers have access to WiFi PowerBoost, which seamlessly delivers speeds up to 1 Gbps when connected to WiFi in and out of the home. Ultra-Low Lag Internet: Comcast began rolling out ultra-low lag Internet last year. Customers will experience this new technology when they use FaceTime on iPhone, iPad, Mac, Apple TV, and Apple Vision Pro, apps on Meta's mixed reality headsets, NVIDIA's GeForce NOW, or many games on Valve's Steam Games platform. Cybersecurity Protection: Customers that take the Xfinity Gateway receive Xfinity Advanced Security, which protects all connected devices and the customers who use them at the gateway level from malware and other threats. Parental Controls: The Xfinity Gateway also features network controls, available through the Xfinity app, that gives customers total control of their home network. Customers can set parental controls, test the connection to new devices as they join the network, pause WiFi, set WiFi schedules for family members, and more. Consumers can sign up for Xfinity Internet and Xfinity Mobile online at or at their local Xfinity store. About Comcast CorporationComcast Corporation (Nasdaq: CMCSA) is a global media and technology company. From the connectivity and platforms we provide, to the content and experiences we create, our businesses reach hundreds of millions of customers, viewers, and guests worldwide. We deliver world-class broadband, wireless, and video through Xfinity, Comcast Business, and Sky; produce, distribute, and stream leading entertainment, sports, and news through brands including NBC, Telemundo, Universal, Peacock, and Sky; and bring incredible theme parks and attractions to life through Universal Destinations & Experiences. Visit for more information. View source version on Contacts Rachel ZabinskiComcast Corporationrachel_zabinski@ Sign in to access your portfolio
Reuters
15-04-2025
- Business
- Reuters
Comcast unveils five-year internet price lock to stem broadband losses
April 15 (Reuters) - Comcast (CMCSA.O), opens new tab unveiled a five-year price lock for its Xfinity Internet service on Tuesday, aiming to stem subscriber losses and bolster its broadband business as competition in the sector intensifies. WHY IT'S IMPORTANT Comcast has been losing broadband subscribers to wireless giants such as AT&T (T.N), opens new tab, T-Mobile (TMUS.O), opens new tab and Verizon (VZ.N), opens new tab, which offer plans, bundling internet with high-speed mobile data services, that have proven to be popular with customers. BY THE NUMBERS The offer gives new Xfinity Internet customers plans starting at $55 a month, locked in for five years with no annual contract required. It also includes a free unlimited wireless line for one year. Customers are free to cancel at any time. KEY QUOTE "We're addressing two significant consumer pain points – rising costs and transparency," said Steve Croney, Chief Operating Officer, Connectivity and Platforms, Comcast. CONTEXT Comcast said in January it would roll out packages that bundle wireless with higher-tier internet services after losing 139,000 broadband customers in the fourth quarter, well above the more than 100,000 it had projected in December. The company has since named former Apple (AAPL.O), opens new tab executive Jon Gieselman as chief growth officer for the residential domestic businesses within its Connectivity and Platforms division. Earlier this month, rival Verizon announced a three-year price lock for new and existing customers on its myPlan and myHome network offerings.
Yahoo
15-04-2025
- Business
- Yahoo
Comcast unveils five-year internet price lock to stem broadband losses
(Reuters) - Comcast unveiled a five-year price lock for its Xfinity Internet service on Tuesday, aiming to stem subscriber losses and bolster its broadband business as competition in the sector intensifies. WHY IT'S IMPORTANT Comcast has been losing broadband subscribers to wireless giants such as AT&T, T-Mobile and Verizon, which offer plans, bundling internet with high-speed mobile data services, that have proven to be popular with customers. BY THE NUMBERS The offer gives new Xfinity Internet customers plans starting at $55 a month, locked in for five years with no annual contract required. It also includes a free unlimited wireless line for one year. Customers are free to cancel at any time. KEY QUOTE "We're addressing two significant consumer pain points – rising costs and transparency," said Steve Croney, Chief Operating Officer, Connectivity and Platforms, Comcast. CONTEXT Comcast said in January it would roll out packages that bundle wireless with higher-tier internet services after losing 139,000 broadband customers in the fourth quarter, well above the more than 100,000 it had projected in December. The company has since named former Apple executive Jon Gieselman as chief growth officer for the residential domestic businesses within its Connectivity and Platforms division. Earlier this month, rival Verizon announced a three-year price lock for new and existing customers on its myPlan and myHome network offerings. Sign in to access your portfolio
