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Comcast: Overcoming Challenges With Strong Financials and Strategic Partnerships
Comcast expects to lose 0.1 million broadband customers this season, which is worse than expected.
On December 10, Glonghui reported that Dave Watson, head of the cable business at Comcast, the largest cable operator in the USA, revealed that the number of broadband users is expected to decrease by 0.1 million this season, which is worse than the market expectation of a decline of 0.063 million. While attending a UBS Group seminar, Watson stated that the competition in the broadband market is fierce, with a loss of about 0.1 million broadband users each quarter in the first half of the year. In the third quarter, due to the opening of the Paris Summer Olympics, the loss improved to 0.087 million, but in the fourth quarter, it reverted to the situation seen in the first half of the year. He pointed out that the customer churn situation has a slight negative impact on the average revenue per user (ARPU).
Comcast Seen Taking 'One Step Forward, Two Steps Back' in Tough Broadband Market
US Equities Markets End Lower Monday Ahead of Official Inflation Data
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Sector Update: Consumer
Comcast Warns Broadband Subscription Loss Exceeding 100,000 in Q4 -- Shares Fall