Comcast signed 330,000 broadband subscribers, about the same as a...
Comcast signed 330,000 broadband subscribers, about the same as a year earlier, executives said during a teleconference with investors Thursday. That figure let down some analysts, who had expected modest growth. Progress lagged as a result of changing technology…
Sign up for a free preview to unlock the rest of this article
Export Compliance Daily combines U.S. export control news, foreign border import regulation and policy developments into a single daily information service that reliably informs its trade professional readers about important current issues affecting their operations.
out of the systems that Comcast acquired last year from Time Warner Cable and Adelphia, executives said. They played down concerns about video competition from Bells. “During those conversions, we added a lot less subs than the year before,” Chief Operating Officer Stephen Burke said. Comcast’s broadband business should pick up the rest of the year, executives said. “The trends are looking pretty strong,” he said, citing preliminary data from July. And Q3 always sees broadband subscriber growth spike, Chairman Brian Roberts said. In another promising trend, Comcast appears to be winning more DSL customers, he said. About 55 percent of new Comcast broadband customers Q1 had switched from DSL. Second quarter, 58 percent of new Internet customers dropped DSL service, he said. Comcast added 671,000 net VoIP subscribers in the quarter. Revenue from its phone business nearly doubled from a year earlier to $420 million, it said. Comcast quarterly profit grew 28 percent year to year to $588 million, it said. Total sales rose 31 percent to $7.7 billion.