Comcast Corp Stock Price, News & Analysis

Comcast announces it will distribute $1 million in grants to 100 small businesses owned by women and people of color in Broward and Miami-Dade Counties as part of its Comcast RISE program. The application period runs from October 3-16. This initiative brings the program's total investment to $2 million in South Florida. Since its launch, Comcast RISE has awarded $21 million in grants nationwide, supporting diverse business ownership.

Comcast has partnered with Samsung to enhance 5G connectivity for its Xfinity Mobile and Comcast Business Mobile customers across the U.S. Samsung will supply 5G Radio Access Network (RAN) solutions, utilizing Citizens Broadband Radio Service (CBRS) and 600MHz spectrum. The collaboration aims to deliver superior coverage and speeds, leveraging Comcast’s existing infrastructure without the need for additional cell sites. The companies are currently conducting field trials of the new 5G solution to expand service availability.

Monumental Sports & Entertainment (MSE) has officially completed the acquisition of NBCUniversal's 67% stake in NBC Sports Washington from Comcast Corporation. MSE previously owned 33% of the regional sports network, giving it full control. NBC Sports Washington is the local TV rights holder for games of the Washington Wizards and Capitals. NBCUniversal will continue to provide operational support for 18 months following the acquisition. The network will retain its current name through the 2022-23 season, with a rebranding planned for 2023-24.

Comcast has successfully completed a world-first test of 10G amplifier technology, achieving download speeds of 6 Gbps and upload speeds of 4 Gbps. This marks a crucial step in delivering multi-gigabit symmetrical services across its network. Live trials are set to begin later this year, with full deployment expected before the end of 2023.

The new technology allows Comcast to provide advanced internet services to millions of homes without needing extensive infrastructure upgrades, enhancing reliability and reducing latency for applications like gaming and telehealth.

Comcast announced plans at SCTE Cable-Tec Expo 2022 to enhance its network energy efficiency by 2030, aiming to cut electricity consumption per data terabyte in half. The initiative is part of a nationwide transformation to virtual, cloud-based technologies, improving broadband speed and sustainability. Comcast also set a carbon neutrality goal for its operations by 2035, primarily focusing on renewable energy investments. Additionally, the company powered the Expo with 100% clean energy, underscoring its commitment to environmental efforts.

Comcast Business has completed a $2 million fiber network expansion in Philadelphia's Food Distribution Center, enhancing service to over 70 businesses. The network now provides Internet speeds of up to 100 Gbps for larger enterprises and 1.2 Gbps for small- and medium-sized businesses. This initiative supports critical operations including inventory tracking for food distributors. Since 2015, Comcast has invested nearly $102 million in network expansions, benefiting over 24,000 businesses in the Greater Philadelphia and New Jersey areas.

Comcast announced a new round of $10,000 grants available for 100 small businesses owned by women and people of color in Cook County, from October 3-16. This initiative, part of the Comcast RISE Investment Fund, totals $1 million for Cook County and $5 million across five selected locations. To date, Comcast RISE has awarded $21 million nationwide, supporting over 9,500 businesses in 37 states.

Xfinity Mobile has been identified as the fastest mobile service in Comcast service areas according to third-party data from Ookla. Leveraging a combination of 5G and WiFi connectivity, Xfinity Mobile provides median download speeds of 200 Mbps during Q2 2022, outperforming major competitors like T-Mobile, Verizon, and AT&T. Furthermore, Xfinity Mobile offers competitive pricing, with Unlimited plans available at $30 per line for two or more lines, potentially saving customers up to 50% on their wireless bills. The service has also received high customer satisfaction ratings.

Comcast announced an additional $1 million in grants to support 100 small businesses owned by women and people of color in Washington, D.C., raising the total to $2 million since 2021. This initiative is part of Comcast RISE, which aims to assist 13,000 small businesses by the end of 2022. The grants will help underrepresented entrepreneurs access funding and digital resources. Eligible businesses can apply from October 3 to October 16. Overall, Comcast RISE has awarded $21 million to over 9,500 entrepreneurs across the U.S.