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Comcast Corporation, headquartered in Philadelphia, is the largest American multinational telecommunications and media conglomerate. With a core cable business servicing 63 million US homes and businesses, Comcast also owns NBCUniversal, Sky, CNBC, MSNBC, USA, Universal Studios, and more. Recently, Comcast announced a $1 million grant to The Arc of the United States to enhance digital equity and advocate for the IDD community.
Comcast Business has announced a $28 million investment in expanding its fiber-rich network across the Beltway Region, which includes Delaware, Maryland, Virginia, Washington, D.C., and West Virginia. This initiative builds on a previous $13 million investment in 2020, bringing the total to over $110 million since 2015. The expansion will enhance connectivity for nearly 35,000 businesses, providing high-speed internet up to 1 Gbps and advanced services like cybersecurity and business Wi-Fi.
Comcast Business has announced a $28 million investment to expand its fiber-rich network across the Beltway Region, which includes Delaware, Maryland, Virginia, Washington, D.C., and West Virginia. This two-year project builds on a previous $13 million investment in 2020, totaling over $110 million since 2015. The expansion aims to serve nearly 7,000 additional businesses with high-performance services, delivering speeds up to 1 Gbps.
Space Channel has launched its VOD application on Comcast's Xfinity X1 and Flex streaming services, granting millions 24/7 access to space-related content. The programming includes Space Channel News, Space Tourist, and Gravity, alongside live launch coverage of SpaceX Starship. The channel aims to cover all aspects of space through news, movies, and exclusive events. As part of its collaboration, Space Channel also offers entertainment programming, including curated movie nights with NASA footage. This initiative enhances Comcast's offerings in the space entertainment segment.
Comcast Business has announced a $26 million investment over two years for expanding its advanced network in Greater Philadelphia and New Jersey. This expansion will directly reach nearly 4,000 businesses and aims to enhance network accessibility for thousands more. The investment includes $10.3 million in 2020 and $15.7 million in 2021 projects, bringing total investment since 2015 to nearly $100 million for the benefit of approximately 24,000 businesses. The upgraded capacity will support advanced services, crucial for local economic growth.
Comcast has launched its best-ever lineup of iPhone and iPad, featuring the iPhone 13 series and iPad mini. The iPhone 13 Pro and Pro Max boast an advanced camera system, Super Retina XDR display, and improved battery life. Customers can receive up to
Comcast has launched the XiOne, its first global wireless streaming device available to customers in Italy and Germany for Sky Q and rolling out in the United States for Xfinity Flex. The XiOne supports WiFi 6, 4K UHD, and features a new voice remote. The device aims to deliver seamless video services over IP and reflects Comcast's collaborative approach in product development following the Sky acquisition. Future availability is planned for Xfinity X1 customers and more channels.
Comcast has announced an expansion of its Internet Essentials program to include Federal Pell Grant recipients, aiming to enhance digital equity for students pursuing post-secondary education. This initiative is part of Project UP, a $1 billion commitment to connect 50 million people to digital resources. Additionally, Comcast will donate $15 million in services and 25,000 laptops to support low-income individuals. Over ten years, Internet Essentials has connected over 10 million people to the internet, showcasing Comcast's ongoing effort to bridge the digital divide.
Strategus has partnered with FreeWheel, a Comcast Company, to enhance programmatic CTV advertising through FreeWheel’s Strata platform. This collaboration allows over 1,100 agencies to access Strategus’s premium CTV inventory via an automated workflow, improving campaign efficiency. Strategus, an innovator in CTV since 2015, offers robust targeting and attribution solutions, now integrated with Strata for better local targeting capabilities. As CTV advertising grows, this partnership aims to streamline processes and drive performance for advertisers.
Comcast has donated 3,000 laptops and free Internet service to organizations in Baltimore City, including Digital Harbor High School. This initiative, stemming from its Internet Essentials program, aims to address digital equity by connecting low-income families. Over the past decade, the program has aided 192,000 Baltimore residents, with a commitment of $1 billion to enhance digital access for 50 million people. Baltimore Mayor Brandon Scott praised the partnership, emphasizing the importance of reliable Internet for remote learning.
Comcast Corporation (NASDAQ: CMCSA) will hold a conference call on October 28, 2021, at 8:30 a.m. ET, to discuss its third-quarter financial results. A press release detailing the results will be issued beforehand. Interested participants can join the call via the Investor Relations website or by phone at (833) 618-9487. The call will be available for replay starting at 12:00 p.m. ET the same day until November 4, 2021, at midnight ET. Comcast provides a range of media and technology services to millions across the United States and Europe.
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