Comcast Invests $15M to Expand High-Speed Network Across Charlotte County, FL

Rhea-AI Summary

Comcast has announced a $15 million investment to expand its high-speed network across Charlotte County, Florida. The expansion will provide thousands of homes and businesses in Rotunda West, Gulf Cove, South Gulf Cove, Port Charlotte, and other neighborhoods with access to Xfinity and Comcast Business services. Some areas like Port Charlotte and Rotunda West are already serviceable.

The next-generation network offers residential customers speeds up to 1.2 Gbps and businesses up to 100 Gbps. Services include Internet, video, mobile, voice, and home security for consumers, while businesses can access connectivity, communications, networking, cybersecurity, and managed solutions.

As part of its community commitment, Comcast provided a $30,000 grant to the Boys & Girls Clubs of Charlotte County for a new computer lab. The company also offers Internet Essentials, a program providing low-cost Internet service and digital skills training to eligible income-constrained households.

Positive

• $15 million network infrastructure investment expanding market presence
• Competitive advantage with superior speeds (1.2 Gbps residential, 100 Gbps business)
• Market expansion into multiple new service areas in Charlotte County

Negative

• None.

News Market Reaction

+0.40%

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+0.40% News Effect

On the day this news was published, CMCSA gained 0.40%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Tech leader's sizable investment brings several communities new reliable connectivity options

CHARLOTTE COUNTY, Fla., Jan. 24, 2025 /PRNewswire/ -- Comcast today announced a $15 million investment to build and expand its high-speed, reliable network across Charlotte County, Florida. Thousands of homes and businesses in the areas of Rotunda West, Gulf Cove, South Gulf Cove, Port Charlotte and other neighborhoods will have access to Xfinity and Comcast Business services. Construction is ongoing and services will become available as projects are completed. Some areas, like Port Charlotte and Rotunda West, are serviceable now.

"Comcast's expansion in Charlotte County with a brand-new Internet network is a wonderful benefit for the area. With this investment, they are not only bringing high-speed, reliable Internet to our residents, but also showing a commitment to our community," said District 3 Commissioner Bill Truex. "We are proud to have Comcast in Charlotte County and excited for the opportunities this will bring to residents and businesses."

The next-generation network gives Charlotte County access to reliable and fast Internet speeds that outperform competitors — up to 1.2 gigabits per second (Gbps) for residential customers and up to 100 Gbps for businesses.

"Southwest Florida has always been a priority for us, and we couldn't wait to bring our services to the growing Charlotte County. This is a fantastic day for residents as they now have a great option for reliable, high-speed Internet as well as access to Xfinity and Comcast Business Mobile," said Jeff Buzzelli, Regional Senior Vice President of Comcast Florida. "Charlotte County, we are ready to serve you! We look forward being a part of this community and earning your business."

Introducing Xfinity for Consumers

Comcast's residential services are marketed under the Xfinity and NOW brands, and consumers in Charlotte County will be able to take advantage of Xfinity's full suite of products, including Internet, video, mobile, voice and home security. With fast Internet speeds, powerful WiFi that reaches every corner of the home, and super-responsive connections with low lag available with its plan, customers have a great experience using their connected devices to stream their favorite sports and entertainment content, video chat with coworkers and friends, learn from home or simply surf the web.

Comcast Business to Power Charlotte County's Workforce

For local businesses, Comcast Business offers a suite of connectivity, communications, networking, cybersecurity, wireless, and managed solutions to help organizations of all sizes achieve their business goals. Industry analysts and associations have consistently recognized Comcast Business as a leader and innovator in flexible, scalable options as well as one of the fastest-growing providers of Ethernet services.

Accessing Affordable Internet

Comcast is committed to making Internet accessible and affordable across communities in Florida. Since 2011, the technology leader has offered Internet Essentials. The program provides low-cost Internet service, digital skills training and subsidized computers to eligible income-constrained households. Internet Essentials has helped hundreds of thousands of Floridians since its launch in 2011, including students, senior citizens, veterans and people with disabilities enrolled in public assistance programs and more.

While Comcast's commitment to Southwest Florida can be traced back for decades, the technology leader's presence and support is now on full display in Charlotte County. Recently, Comcast provided the Boys & Girls Clubs of Charlotte County with a $30,000 grant that will be used to build a new computer lab. Since its inception in 1997, the Boys & Girls Clubs of Charlotte County has been committed to helping youth reach their full potential as responsible, compassionate, and productive citizens through development, growth, and skill acquisition. With this new computer lab, children will learn important digital skills that are crucial to success in today's world.

"We are so thankful to have Comcast as part of our community and incredibly grateful for their contribution that will fund a brand-new computer lab for our 350 Charlotte County youth participants," said Lynn Dorler, Chief Executive Officer of the Boys & Girls Clubs of Charlotte County. "Comcast's commitment to connecting and empowering communities aligns with our mission and we look forward to working together to make an impact and benefit local youth and families."

Residents can visit Xfinity.com/mytown and enter their addresses for additional details on construction timing and upcoming service availability. Comcast's most recent expansion in Charlotte County is part of the company's latest investment in Florida, which also includes expansions in Broward County, Citrus County, DeSoto County, and Miami-Dade County.

About Comcast Corporation
Comcast 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 www.comcastcorporation.com for more information.

Press Contact:
Sydney Freeman
Sydney_Freeman@comcast.com
https://florida.comcast.com/

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SOURCE Comcast

FAQ

What is the size of Comcast's (CMCSA) investment in Charlotte County, FL for 2025?

Comcast (CMCSA) is investing $15 million to build and expand its high-speed network across Charlotte County, Florida.

What internet speeds will CMCSA offer in Charlotte County, FL?

Comcast will offer speeds up to 1.2 Gbps for residential customers and up to 100 Gbps for business customers in Charlotte County.

Which areas in Charlotte County will CMCSA's network expansion cover?

The expansion covers Rotunda West, Gulf Cove, South Gulf Cove, Port Charlotte, and other neighborhoods, with Port Charlotte and Rotunda West already having service.

What services will CMCSA offer to Charlotte County residents?

Comcast will offer Xfinity services including Internet, video, mobile, voice, and home security services to residential customers.

How much did CMCSA invest in the Boys & Girls Clubs of Charlotte County?

Comcast provided a $30,000 grant to the Boys & Girls Clubs of Charlotte County to build a new computer lab.