Comcast shifts solution to cellular as fourth-quarter broadband numbers disappoint

Cable gigantic Comcast is having a look to the wi-fi trade for expansion.

Comcast executives mentioned Thursday the corporate will shift its center of attention to its cellular trade later reporting a lack of 139,000 residential broadband consumers throughout the fourth quarter. Broadband has lengthy been the expansion engine of the cable business particularly later the exodus of cable TV consumers.

Stocks of Comcast fell greater than 8% in early buying and selling Thursday.

Even though earnings has remained solid, Comcast, like its cable friends, has been in the middle of a slowdown in buyer expansion lately.

The slowdown stems for a lot of elements, together with essentially the be on one?s feet of wi-fi suppliers like Verizon and T-Cell providing house broadband choices.

Corporate executives mentioned throughout Thursday’s profits name with buyers that the corporate will shift its solution to bundle cellular with broadband in a bid for extra consumers.

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