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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 Corporation has released preliminary results from its 2021 Annual Meeting of Shareholders. All nominees were elected to the Board for one-year terms, which consists of 10 directors, 9 of whom are independent. The board showcases 50% diversity by gender and race/ethnicity. Shareholders also approved executive compensation and ratified Deloitte & Touche LLP as independent auditors for 2021. However, a proposal for an independent investigation on sexual harassment risks was voted down. Final results will be submitted to the SEC within four business days.
Comcast's Xfinity Mobile has ranked number one in customer satisfaction among full-service wireless providers for the second consecutive year, according to the American Customer Satisfaction Index (ACSI). The service offers top-rated mobile network features including call quality, reliability, coverage, and data speed. Launched in 2017, Xfinity Mobile provides a flexible payment model with options for By-the-Gig or Unlimited data plans. Recently, new 5G Unlimited data plans were introduced, starting at $45 for one line, making it the lowest entry price in the market.
The Comcast NBCUniversal SportsTech Accelerator, powered by Boomtown, announced the participation of 10 startups that secured 16 pilot partnerships following a successful virtual Demo Day. The cohort was selected from over 1,000 applicants across 70 countries, providing founders with mentorship from industry leaders and training in critical business areas. The accelerator focuses on enhancing products and experiences within sports tech, aiming to foster new innovations for sports fans globally. Applications for the 2022 class are currently open.
Comcast Corporation (CMCSA) has declared a quarterly dividend of $0.25 per share on its common stock. This dividend is payable on July 28, 2021, to shareholders on record as of the close of business on July 7, 2021. This announcement reflects the company's commitment to returning value to its shareholders.
On May 26, 2021, Mike Cavanagh, CFO of Comcast Corporation (Nasdaq: CMCSA), will participate in the J.P. Morgan 49th Annual Global Technology, Media and Communications Conference. The event will be webcast live at 9:40 A.M. Eastern Time on the company's Investor Relations website, www.cmcsa.com. An on-demand replay will be available afterward. Comcast is a leading global media and technology company with over 56 million customer relationships, offering broadband, video, and entertainment services through various platforms.
Comcast has launched seven WiFi-connected "Lift Zones" in western Massachusetts to assist low-income families in accessing the Internet for educational needs. These community centers aim to support hundreds of students by providing reliable internet connectivity, essential for remote learning during the COVID-19 pandemic. Comcast's Internet Essentials program has connected over 10 million people in the U.S. to broadband since 2011, with around 97,000 households in Massachusetts. Additionally, Comcast has pledged $1 billion over the next decade to further address the digital divide.
Comcast has launched four WiFi-connected "Lift Zones" in Vermont, aimed at helping low-income families access the Internet for educational and essential services. These initiatives are expected to support hundreds of students by providing free WiFi at community centers. Comcast's Internet Essentials program has already connected over 10 million Americans to broadband, with 6,900 households in Vermont benefiting since its inception. Furthermore, Comcast recently announced a $1 billion commitment over the next decade to bridge the digital divide for low-income families.
On May 12, 2021, Comcast (Nasdaq: CMCSA) will have its President and CEO, Dave Watson, participate virtually in the 8th Annual MoffettNathanson Media & Communications Summit at 9:00 A.M. Eastern Time. A live webcast of the event can be accessed on the Company’s Investor Relations website, with an on-demand replay available afterward. Comcast is a global media and technology company that serves over 56 million customers in the U.S. and Europe through its Xfinity, Comcast Business, and Sky brands.
Comcast NBCUniversal is launching a campaign for AAPI Heritage Month, themed "We Belong," to celebrate the contributions of the AAPI community. The company is investing over $10 million in media support to promote this initiative across its platforms. The campaign addresses ongoing racism faced by the AAPI community and honors their historical significance. Additionally, Comcast NBCUniversal has pledged $2 million to Asian-led organizations fighting against violence towards this community, alongside nearly $10 million already committed through its foundation.
Comcast Corporation (NASDAQ: CMCSA) reported impressive Q1 2021 results with revenue growing 2.2% to $27.2 billion and net income soaring 55.1% to $3.3 billion. Cable communications notably performed well, achieving a 12.4% rise in Adjusted EBITDA and adding a record 602,000 customer relationships. Despite challenges, NBCUniversal and Sky showed recovery, with Sky netting 221,000 new relationships, the best in six years. Free cash flow surged 58.8% to $5.3 billion. Overall, Comcast remains optimistic about future growth and innovation.