Comcast Corp - CMCSA STOCK NEWS

Comcast Business has secured a $76M contract from the Defense Information Systems Agency (DISA) to replace legacy circuits with Ethernet-based services over ten years. This marks the fifth CEG regional contract win, contributing to a total of $343M across 35 states. DISA's initiative aims to enhance information-sharing and reduce telecom costs for the Department of Defense by replacing 17,000 outdated circuits. Comcast will provide Ethernet Virtual Private Line (EVPL) services, improving application performance and cost management compared to legacy WAN technologies.

Comcast and NBCUniversal have initiated a private exchange offer for three series of notes, totaling a maximum issuance of $9 billion in new senior notes due 2051, 2056, and 2063. The offers, categorized as Pool 1, Pool 2, and Pool 3, will accept Old Notes based on a priority order that aims to limit the New Notes' issuance to $3 billion per pool. Participants who tender their notes before the early participation date are eligible for an early payment. The offers are conditional on minimum thresholds of new notes issued and will expire on August 27, 2021.

Comcast has announced that Peacock will be available at no extra cost to nearly 20 million Sky customers across Europe later this year. This marks Peacock's first international expansion following its U.S. launch. Sky customers in the UK, Ireland, Germany, Italy, Austria, and Switzerland will have access to over 7,000 hours of content, including popular shows like The Office and Downton Abbey, bundled with existing subscriptions. The move aims to enhance value for Sky customers while leveraging Comcast's successful strategy in the U.S.

Comcast Corporation (NASDAQ: CMCSA) has declared a quarterly dividend of $0.25 per share on its common stock. This dividend is payable on October 27, 2021 to shareholders of record as of the close of business on October 6, 2021. This announcement underscores the company’s commitment to returning value to its shareholders amidst its ongoing focus on broadband and streaming services across North America and Europe.

Comcast Corporation (CMCSA) reported strong Q2 2021 results, with revenue increasing by 20.4% to $28.5 billion and net income rising 25.1% to $3.7 billion. Adjusted EBITDA grew 12.6% to $8.9 billion, with notable growth in Cable Communications (revenue up 10.9%) and NBCUniversal (revenue up 39.2%). The company resumed its share repurchase program, returning $1.7 billion to shareholders. Despite challenges in video subscriptions, broadband and wireless segments thrived, contributing positively to the overall growth.

Comcast Business has launched Comcast Business Mobile, a wireless service tailored for small businesses, offering flexible data plans and nationwide 5G coverage. Exclusively available to Comcast Business Internet customers, it allows up to 10 lines with no access fees. Pricing includes unlimited data starting as low as $24 per line and shared data options. The service utilizes Comcast’s established network, which has been recognized for reliability. This launch aims to enhance mobile connectivity for small business owners and their teams.

Comcast announced enhanced Olympic viewing features for Xfinity customers, aiming to elevate the experience across X1, Flex, and the Xfinity Stream app. With robust personalization, real-time curated content, and for the first time, live coverage in 4K HDR, the company plans to engage more viewers. Key offerings include aggregated NBCUniversal coverage, themed playlists, and Spanish-language options. This rollout highlights Comcast's commitment to setting a new standard in live event broadcasting, leveraging technology to cater to diverse customer preferences.

Comcast Corporation has appointed Broderick D. Johnson as Executive Vice President, Public Policy and Digital Equity. He will lead the Public Policy team, reporting to Tom Reid, and succeed Rebecca Arbogast. Johnson brings over three decades of experience in public policy, having served in senior roles under two U.S. Presidents. Comcast also announced a $1 billion commitment to enhance digital equity, aiming to reach 50 million Americans over the next decade through initiatives like the Lift Zone and Internet Essentials programs.

Comcast Business has secured two multimillion-dollar contracts from the Defense Information Systems Agency (DISA) to upgrade legacy telecommunications to Ethernet-based services. The contracts for CEG Region 4 and Region 5 amount to $84.2M and $71.6M, respectively, over ten years. Comcast has now won four out of seven CEG regions, totaling more than $267M. These improvements aim to enhance network performance and reduce costs for the Department of Defense.