Comcast Awarded More Than $61M From The Commonwealth Of Pennsylvania To Expand Network To Homes And Businesses In Pennsylvania
Portfolio Pulse from Benzinga Newsdesk
Comcast has been awarded over $61M by the Commonwealth of Pennsylvania to expand its network to unserved and underserved homes and businesses across 158 municipalities in 13 counties. This expansion, expected to complete by late 2026, will provide gigabit plus speeds and access to Comcast's suite of services including Xfinity Internet, TV, Streaming, Mobile, and Comcast Business Internet. The project is part of the Broadband Infrastructure Program funded by the CPF, with additional matching funding from Washington County. Comcast's expansion efforts in Pennsylvania also include significant investments in technology, infrastructure, digital equity, and community partnerships.

May 02, 2024 | 3:12 pm
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Comcast's $61M award from Pennsylvania for network expansion across 158 municipalities in 13 counties is expected to significantly enhance its service offerings and customer base. This expansion aligns with Comcast's broader efforts in technology investment, digital equity, and community partnerships within the state.
The financial award and the expansion project directly involve Comcast, likely leading to increased customer base and enhanced service offerings. This expansion is a significant development for Comcast, indicating a positive impact on its stock in the short term due to the potential for increased revenue and customer satisfaction.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100