CLAIM #15384 · Comcast Corp (CMCSA) · 2024Q3 earnings call · Oct 31, 2024 · due Apr 30, 2027
“In addition, we're on a path over the next few years to being able to deliver multi-gigabit symmetrical speeds, which will be competitive with any technology out there.”
Mike Cavanagh · CFO
How to check this claim
Look at: Availability of multi-gigabit symmetrical broadband speeds across Comcast's network (company-disclosed rollout/coverage of symmetrical multi-gig service)
It came true if: Company discloses commercial availability of multi-gigabit symmetrical speeds to a meaningful portion of its footprint by the stated deadline
Where: Company press releases, investor presentations, or earnings call commentary on network upgrades/DOCSIS 4.0 or fiber rollout
In context
“nd we also offer wireless service everywhere we provide broadband. This reach far exceeds the fiber footprints of the largest three telecom companies combined, and our footprint is growing at a rapid pace. In fact, we've extended our network to more than 1.2 million additional homes and businesses over the last 12 months, a 50%-plus increase over what we were able to do just two years ago. So, even accounting for the announced fiber buildout plans of those three wireless companies, we expect to maintain this lead well into the future. Broadband usage is skyrocketing. Our broadband-only customers are heavy data users, averaging 700 gigabytes per month. And we want it that way because our existing network can handle significant increases in bandwidth consumption at a very low marginal cost. In addition, we're on a path over the next few years to being able to deliver multi-gigabit symmetrical speeds, which will be competitive with any technology out there. The other side of our converged offering is Xfinity Mobile, which matches the capabilities of any wireless network in America. We bundle Xfinity Mobile with our best-in-class broadband service everywhere we compete at a price that offers great savings to the consumer. And when combined with broadband, our wireless offering both improves churn and increases overall customer satisfaction. We also look for opportunities to enhance our converged experience. An example being a new feature we are rolling out now called WiFi Boost, which automatically increases Xfinity Mobile customer speeds up to 1 gig on our WiFi network, which is also the largest in the nation. To close out these comments on convergence, it's important to note that our strategy is proving out in financial performance. Our dom”
Verify independently
SEC filings for CMCSA ↗ · Claim quote is verbatim from the 2024Q3 earnings call.