Comcast Corp - CMCSA STOCK NEWS

FreeWheel, a Comcast Company (CMCSA), released its U.S. Video Marketplace Report, highlighting significant viewership trends during the first half of 2020. The report indicates a 32% increase in premium video ad views compared to last year, driven by a 17% rise in video views. Notably, 73% of ad views were on set-top boxes and connected TVs, with CTV views up by 42%. Live viewing also surged by 38%, indicating consumer preference for linear-like experiences, even amid a lack of sports. The findings emphasize the resilience and growing popularity of premium video content.

Comcast is investing $15 million to enhance its internet infrastructure in Modesto, aiming to provide up to 10 Gbps Ethernet speeds to 2,000 businesses in the area. This project is designed to meet the increasing bandwidth demands of local organizations, facilitating connectivity between sites and data centers. Comcast's Vice President highlighted Modesto’s growth, stating this advancement will position the city at the forefront of internet connectivity. Local officials support the initiative, emphasizing its potential to fuel economic growth and create jobs.

Comcast announced an expansion of its Xfinity Mobile 5G coverage across the U.S. starting October 14. The nationwide 5G network will be accessible through all Xfinity Mobile data options at no additional cost. Customers can choose between By-the-Gig data options starting at $15 for 1GB or Unlimited for $45 per month. Xfinity Mobile is highlighted as having the lowest 5G entry price in the market. Customers will also benefit from the flexibility to switch between data options during their billing cycle while enjoying rated #1 in customer satisfaction.

Comcast Corporation (NASDAQ: CMCSA) launched the Comcast RISE initiative to support small businesses affected by COVID-19. Over the next three years, the program aims to assist thousands of small businesses, offering grants, marketing, technology upgrades, and free marketing insights. Black-owned businesses will be prioritized initially, followed by the inclusion of BIPOC businesses. Comcast RISE forms part of a larger $100 million Diversity, Equity, and Inclusion initiative aimed at combating inequality and providing essential resources to help these businesses thrive after the pandemic.

Comcast California announced a donation of $350,000 to Opportunity Fund aimed at supporting BIPOC-owned small businesses through microloans and services. This initiative addresses the disproportionate impact of the pandemic on these communities, which saw substantial business closures. Comcast plans to produce public service announcements to promote this fund. Opportunity Fund has been assisting small businesses with microloans for over 25 years and aims to drive economic mobility against systemic inequities.

Comcast has achieved a significant milestone by delivering 1.25 Gbps upload and download speeds using advanced technology over a live production network in Jacksonville, Florida. This achievement relies on a Distributed Access Architecture (DAA) and the latest DOCSIS technology, allowing for scalable multi-gigabit speeds. Comcast aims to enhance customer experience with future-ready internet capabilities, reinforcing its position as a leader in network virtualization. The trial not only demonstrates current capabilities but also sets the stage for future 10G initiatives, expanding access to high-speed internet.

Comcast has partnered with the Washington Office of Superintendent of Public Instruction (OSPI) to launch the K–12 Internet Access Program, aiming to provide free internet access to low-income students in Washington. The initiative supports families who lack internet connectivity, enabling online learning from home. Comcast's Internet Essentials program will serve up to 38,000 qualifying families for the 2020-2021 school year. Funded by the federal CARES Act, this initiative is vital for bridging the digital divide during the COVID-19 pandemic.

Comcast has launched a new xFi Pod for Xfinity Internet customers, enhancing WiFi speeds up to 2X faster than the previous generation, reaching 500 Mbps. This second-gen device supports a tri-band radio for better connectivity and includes two ethernet ports. With the rising demand for reliable home connectivity, especially since March 2020, the new Pods aim to meet the needs of increasingly connected households. Available for $119 (one-pack) or $199 (two-pack), the Pods are purchasable online and in stores. Xfinity also offers advanced features like xFi Advanced Security and access to Peacock streaming service.

Comcast has reopened its Xfinity store in Spokane after remodeling, expanding the location from 3,700 to 5,200 square feet. The newly designed store emphasizes health and safety measures, including social distancing protocols and sanitization practices. Customers can explore a wide range of Xfinity products and services, with dedicated support for local businesses. Comcast has invested around $2 billion in Washington's network technology over the past six years, reflecting its commitment to improving customer experience.