Comcast Connects 12,000 Additional Homes and Businesses Across Lynchburg, VA Area

Rhea-AI Summary

Comcast expands fiber-based network to 12,000 additional homes and businesses in Lynchburg, VA area, including Campbell County, the City of Lynchburg, and Forest. Project completion expected by end of 2024 and 2025. Customers praise reliable internet and seamless switch to Xfinity services.

Positive

• Comcast expands its fast and reliable fiber-based network to 12,000 more homes and businesses in Lynchburg, VA area.
• Expansion includes Campbell County, City of Lynchburg, and Forest with construction underway and services already available to some locations.
• Project completion expected by the end of 2024 for Lynchburg and 2025 for Forest.
• Investment in Lynchburg area to provide advanced connectivity solutions for residents and businesses.
• Comcast invested over $781 million in technology and infrastructure in Virginia in the last three years, including local network upgrades.
• Xfinity customers connect over 1 billion devices annually with advanced WiFi technology and gigabit speed products.
• Comcast offers unparalleled coverage, reliability, and ultra-low latency for seamless connectivity and customer experience.
• Comcast Business provides connectivity, communications, networking, cybersecurity, and managed solutions for businesses of all sizes.

Negative

• None.

Telecommunications Analyst

The expansion of Comcast's fiber network in the Lynchburg area represents a significant investment in infrastructure that is likely to have a positive impact on the local economy and potentially on Comcast's regional market share. The inclusion of 12,000 additional homes and businesses suggests a focus on both residential and commercial sectors, which could lead to increased revenue streams for Comcast.

From a telecommunications perspective, the deployment of advanced services, such as symmetrical gig speeds and ultra-low latency, is in line with the industry's move towards higher bandwidth needs, especially in the context of remote work and the growing demand for streaming and gaming. The emphasis on reliability, with features like Storm-Ready WiFi, indicates a strategy to differentiate on service quality, which could enhance customer loyalty and reduce churn.

Comcast's investment in the area also signals confidence in the region's growth potential. As remote work remains prevalent, reliable internet services become a key factor for residents when choosing where to live. This could attract a demographic that prioritizes connectivity, potentially boosting the local real estate market and fostering economic development.

Financial Analyst

Comcast's $781 million investment over three years in Virginia's technology and infrastructure is a substantial capital expenditure that signals a long-term commitment to the region. For investors, the project's completion timelines stretching to 2025 indicate a phased approach to capital deployment, which may help manage cash flow and reduce financial risk.

The mention of the first customers in the world to connect to a DOCSIS 4.0 connection suggests Comcast is at the forefront of adopting new technologies. This could provide a competitive edge, as gigabit internet services are increasingly becoming a standard consumer expectation. The financial implications of this could be two-fold: on one hand, it may drive customer growth and retention; on the other, it could necessitate ongoing investment to maintain technological leadership.

It's also important to note the potential revenue impact from the addition of Xfinity and Comcast Business services to thousands of new customers. This expansion may contribute positively to future earnings reports, although the initial return on investment might be gradual as market penetration grows.

Market Research Analyst

Comcast's network expansion into Lynchburg, VA, aligns with broader market trends where consumers and businesses increasingly require robust internet connectivity. Market research indicates a growing dependency on high-speed internet for various applications, including telecommuting, online education, telehealth and entertainment.

The strategic focus on both residential and business segments may capture a wider customer base, catering to the diverse needs of the local population. This expansion could also stimulate competition among internet service providers in the area, potentially leading to improved services and pricing for consumers.

Moreover, the introduction of advanced products such as the Xfinity Gateway and WiFi Boost Pod could meet the rising expectations for comprehensive coverage within homes and businesses. Such innovations might not only attract new customers but also encourage existing ones to upgrade their service packages, potentially increasing average revenue per user (ARPU).

Fiber-rich Network Expansion in Campbell County, the City of Lynchburg and Forest

LYNCHBURG, Va.--(BUSINESS WIRE)-- Comcast today announced an expansion of its fast, reliable and fiber-based network to 12,000 additional homes and businesses across the Lynchburg, VA area.

This expansion includes the following areas:

• Campbell County, VA – Xfinity and Comcast Business services are now available to 6,700 additional homes and businesses in Campbell County, VA.

• The City of Lynchburg, VA – Comcast is bringing its advanced products and services to 2,100 additional homes and businesses in the City of Lynchburg. Construction has begun and services are already available to some homes and businesses. The project is expected to be completed by the end of 2024.

• Forest, VA – Comcast is bringing its advanced products and services to 3,200 additional homes and businesses in Forest, VA. Construction is underway and services are already available to some homes and businesses. The project is expected to be completed in 2025.

“As someone who works remotely, I was thrilled to hear Comcast expanded to our neighborhood because reliable Internet is crucial to my daily life,” said Paul, a resident of Forest who recently switched providers and signed up for Xfinity Internet. “The switch was quick and easy, the customer service was great and Xfinity Internet has made working from home more seamless than ever.”

Residents can visit Xfinity.com and businesses can visit ComcastBusiness.com to see if their address is eligible for service. Prospective customers can visit the Lynchburg Xfinity store – located at 4010 Wards Road Suite C, Lynchburg, VA 24502 – to check availability and meet with a team of experts who can provide product demonstrations and answer any questions or call 1-800-XFINITY.

“We are proud to deepen our investment in the Lynchburg area and provide more residents and businesses with advanced connectivity solutions to power their lives now and into the future,” said Ray Roundtree, Senior Vice President of Comcast’s Beltway Region. “As the Lynchburg area continues to grow and our lives become increasingly connected – our fast, reliable network will ensure residents and businesses are equipped to thrive.”

This project is part of Comcast’s ongoing expansion in Virginia, where the company has invested more than $781 million in technology and infrastructure over the last three years – including upgrades to its local network.

Powered by Xfinity

Comcast’s network and Internet experience are powering homes today and into the future.

• Ultimate Capacity: Xfinity customers connect more than 1 billion devices across the company’s network annually. With the next-generation Xfinity gateways we deliver the most advanced WiFi technology carrying three times more bandwidth to power streaming, gaming, videoconferencing, and more, simultaneously.
• Fastest Internet: More than a third of Xfinity Internet customers subscribe to gigabit speed products. Recently Comcast connected the first customers in the world to a DOCSIS 4.0 connection, delivering symmetrical gig speeds over existing connections in customers’ homes with plans to continue to rollout these speeds across the country over the coming years.
• Unprecedented Coverage: The latest Xfinity Gateway provides a more reliable connection throughout the home. Customers can get wall-to-wall WiFi coverage with a powerful WiFi Boost Pod that extends coverage to hard-to-reach areas of the home.
• Most Reliable Connection: Comcast is scaling the nation’s largest and most reliable network that passes 62 million homes and businesses and counting. The company launched Storm-Ready WiFi, a new device that comes powered with cellular and battery backup to help keep customers connected even when the power goes out.
• Ultra-Low Latency: The Xfinity network and the latest Xfinity Gateway are a powerful combination that deliver ultra-low latency for those moments when response times matter most like video games, a fast-growing category with Xfinity households averaging more than one gaming console per home.

For local businesses, Comcast Business offers a suite of connectivity, communications, networking, cybersecurity, wireless and managed solutions to help organizations of different sizes prepare for what’s next. Powered by the nation’s largest Gig-speed broadband network, and backed by 24/7 customer support, Comcast Business is the nation’s largest cable provider to small and mid-size businesses and one of the leading service providers to the Enterprise market. Comcast Business has been consistently recognized by industry analysts and associations as a leader and innovator, and one of the fastest growing providers of Ethernet services.

Comcast’s recent community partnerships in Virginia have totaled $43.6 million in cash and in-kind contributions to more than 120 local non-profits. This investment includes the installation of 14 Lift Zones in Virginia, which provide free, high-speed WiFi service to local community centers to promote digital learning. These programs are part of Project UP, Comcast’s $1 billion commitment to advance digital equity and help build a future of unlimited possibilities and is the continuation of the company’s long history of giving back to communities where it provides service and where its employees live and work.

About Comcast Corporation

Comcast Corporation (Nasdaq: CMCSA) is a global media and technology company. From the connectivity and platforms we provide, to the content and experiences we create, our businesses reach hundreds of millions of customers, viewers, and guests worldwide. We deliver world-class broadband, wireless, and video through Xfinity, Comcast Business, and Sky; produce, distribute, and stream leading entertainment, sports, and news through brands including NBC, Telemundo, Universal, Peacock, and Sky; and bring incredible theme parks and attractions to life through Universal Destinations & Experiences. Visit www.comcastcorporation.com for more information.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240404958867/en/

Charlie Schoenthaler

Charlie_Schoenthaler@comcast.com

(571) 386-8034

Source: Comcast Corporation

FAQ

How many additional homes and businesses will Comcast's fiber-based network expansion reach in Lynchburg, VA area?

Comcast's fiber-based network expansion will reach 12,000 additional homes and businesses in the Lynchburg, VA area.

What areas are included in Comcast's expansion project in Lynchburg, VA area?

The expansion project includes Campbell County, the City of Lynchburg, and Forest in the Lynchburg, VA area.

When is the project completion expected for the City of Lynchburg and Forest?

The project completion is expected by the end of 2024 for the City of Lynchburg and in 2025 for Forest.

How much has Comcast invested in technology and infrastructure in Virginia in the last three years?

Comcast has invested over $781 million in technology and infrastructure in Virginia in the last three years.

What advanced connectivity solutions are Comcast providing for residents and businesses in the Lynchburg area?

Comcast is providing advanced connectivity solutions to power residents' and businesses' lives now and into the future in the Lynchburg area.