Comcast is selling its 600MHz spectrum licenses to T-Mobile because it’s ‘unlikely’ to need them

Several years ago, Comcast acquired wireless spectrum in the CBRS and 600 MHz bands as a key building block to host even more data traffic on its own wireless networks. Beginning Sept 2023, after successful employee tests of the CBRS spectrum, Xfinity Mobile and Comcast Business Mobile customers in Philadelphia will start connecting to the company's new 5G network for the first time. This strong CBRS spectrum performance has made Comcast realize that it is unlikely to need the 600 MHz spectrum licenses that it currently holds to support wireless customers.

The Transformative Power of the Affordable Connectivity Program

The federal government’s Affordable Connectivity Program (ACP) announced a new milestone. Launched nearly two years ago in 2021, it has now connected more than 20 million households to the Internet. This is a remarkable achievement and we at Comcast are proud to participate in the program.

Comcast Is The First Internet Provider to Offer a Back-Up Connectivity Device Designed to Keep Customers Connected During a Storm

Comcast becomes the first internet service provider to offer a product designed to maintain connectivity when a storm hits, trees are down, or a customer experiences a local outage, with the launch of Storm-Ready WiFi. With severe weather impacting many parts of the country, there has never been a greater need for a back-up connectivity solution.

Comcast Reports 2nd Quarter 2023 Results

Comcast reported results for the second-quarter (Q2) ended June 30, 2023.

Comcast Reports 1st Quarter 2023 Results

Comcast reported results for the quarter ended March 31, 2023. The company reported that its domestic broadband average rate per customer increased by 4.5%, driving domestic broadband revenue growth of 4.8% to $6.3 billion. Total domestic broadband customer net additions were 5,000, total domestic wireless line net additions were 355,000, and total domestic video customer net losses were 614,000. Residential connectivity revenue increased, driven by domestic broadband, domestic wireless, and international connectivity revenue growth.

Comcast is Investing $280 Million to Upgrade our Network, Expand Internet Service, and Support Communities in the Pacific Northwest

Comcast’s new Pacific Northwest Region is investing $280 million in 2023 to offer multi-gigabit Internet speeds to more than four million locations, expand broadband and video services to more than 60,000 additional homes and businesses, and provide donations and in-kind services to communities throughout Oregon and Washington. The investment will significantly expand and evolve the availability of the Xfinity 10G Network across the Pacific Northwest in 2023.

Comcast Reports 4th Quarter and Full Year 2022 Results

Comcast reported results for the quarter and year that ended December 31, 2022. Highlights in Comcast's broadband developments include the following:

Comcast Reports 3rd Quarter 2022 Results

According to Comcast's 3rd quarter 2022 report results, Comcast delivered solid growth in adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) and adjusted earnings per share (EPS), generated significant free cash flow, invested in the businesses’ future, and returned a record amount of capital to our shareholders. In cable, the company grew adjusted EBITDA by more than 5% and achieved its highest adjusted EBITDA margin on record despite a challenging competitive environment. Additionally, Comcast experienced the following highlights in broadband:

Comcast Boosting Speeds for more than 20 Million Xfinity Internet Customers Across the Country

Comcast is boosting internet speeds for more than 20 million of its Xfinity broadband customers, doubling the download rate on one of its lower tier plans and increasing the speed by 33% on two others. All told, it is bumping up speeds on five service tiers across its territories. Users on Comcast’s Performance/Connect More plan (the name varies by region) will see the biggest jump, with their download rate doubling from 100 Mbps to 200 Mbps. Speeds on the base Performance Starter/Connect plan are getting a 50% increase from 50 Mbps to 75 Mbps.