Zinger Key Points
- Nearly 6,700 homes and businesses in Southeast Georgia connected.
- Comcast Business offers networking and cybersecurity solutions to local businesses.
- Get 5 stock picks identified before their biggest breakouts, identified by the same system that spotted Insmed, Sprouts, and Uber before their 20%+ gains.
Shares of mass media company Comcast Corp CMCSA are trading higher on Thursday.
The company has effectively connected close to 6,700 residences and businesses across Southeast Georgia, covering towns such as Mt. Vernon, Wrightsville, Soperton, Adrian, Glenwood, and Alamo, to its high-speed Internet network.
This expansion is a major move to enhance the region’s digital infrastructure, offering dependable Internet, mobile, and security services for the first time.
“We are thrilled to extend our network to Mt. Vernon, Wrightsville, Soperton, Adrian, Glenwood, and Alamo, providing residents and businesses with the digital connectivity they need to thrive in today’s technology-driven world,” said Mike McArdle, Regional Senior Vice President.
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The goal of this network growth is to drive economic development and assist local businesses and residents in an increasingly digital environment with multi-gigabit Internet and secure connectivity to underserved areas.
Comcast is launching its services through the Xfinity and NOW brands in the regions, providing products such as Internet, mobile, voice, video, and home security.
Comcast Business is strengthening the local workforce by providing a wide array of connectivity solutions designed for businesses, including networking, cybersecurity, and managed services.
Over the past three years, Comcast has invested nearly $47.9 million into over 70 Georgia-based nonprofit organizations, helping people build digital skills and bridging the digital divide.
For the fourth-quarter, the company reported revenue growth of 2.1% year-over-year to $31.92 billion, beating the estimate of $31.64 billion.
Price Action: CMCSA shares traded higher by 1.03% at $36.46 at last check Thursday.
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