CLAIM #15164 · Comcast Corp (CMCSA) · 2022Q3 earnings call · Oct 27, 2022 · due Dec 31, 2022
“And we expect to have this available at 20% of our footprint by the end of this year and to the vast majority of our footprint by the end of 2025.”
Brian Roberts · CEO
In context
“er long-term profitable growth which is exactly what this quarter has shown. We have a distinct competitive advantage that goes beyond just fast and consistent speeds. We provide a differentiated and superior experience within the home, which is the foundation of our ARPU growth. For example, we offer reliable WiFi coverage in every room, device control and cybersecurity features and a world-class entertainment platform as well as other complementary solutions like Xfinity Mobile that increase the value and utility of our broadband product even more. All of this is only getting better as we further improve our network and we're making great progress. During the quarter we announced that we have begun to roll out multi-gig download speeds combined with up to 5 to 10x faster upload speeds. And we expect to have this available at 20% of our footprint by the end of this year and to the vast majority of our footprint by the end of 2025. Directly on the back of this we're completing the core technical foundation for 10G and we're transitioning to a cloud-based virtualized network as we work towards DOCSIS 4.0 which will enable us to deliver multi-gig symmetrical speeds to customers beginning in the back half of next year. Looking further ahead the combination of our high-capacity network differentiated broadband experience and our terrific MVNO in wireless puts Comcast in a winning position to offer in-home and mobile connectivity that is both robust and ubiquitous. And it doesn't involve trade-offs which is going to become even more important as people's level of data consumption and overall expectations continue to rise overtime. On average our broadband customers who don't subscribe to traditional video from us are”
Verify independently
SEC filings for CMCSA ↗ · Claim quote is verbatim from the 2022Q3 earnings call.