Comcast Kicks Off Construction of High-Speed Internet Network Across Indiana
Rhea-AI Summary
Comcast (CMCSA) has initiated construction of its next-generation network across seven Indiana counties, aiming to provide high-speed internet access to over 10,000 residents and businesses. The multi-million-dollar project, partnering with Indiana's Next Level Connections Broadband Grant Program, covers Fayette, Rush, Delaware, Boone, Shelby, Morgan, and Miami counties.
The company has invested nearly $600 million in Indiana's network over the past three years, part of its larger $80 billion nationwide network investment over the last decade. The network will offer multi-gigabit internet speeds with 99.9% reliability, featuring built-in cybersecurity and access to Xfinity and Comcast Business services. Comcast currently maintains over 49,000 miles of fiber-rich network infrastructure in Indiana and 65,500 WiFi hotspots across the state.
Positive
- Expansion will connect 10,000+ new residents and businesses to high-speed internet
- Partnership with Indiana's $350 million Next Level Connections Broadband Grant Program
- $600 million investment in Indiana's network over past 3 years
- Network offers 99.9% reliability and multi-gigabit speeds
- Extensive infrastructure with 49,000 miles of fiber-rich network and 65,500 WiFi hotspots in Indiana
Negative
- None.
News Market Reaction – CMCSA
On the day this news was published, CMCSA declined 0.92%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Expansion to power faster and more reliable network for 10,000+ residents, businesses
The multi-million-dollar joint investment is the latest from Comcast in partnership with the
"We are working to ensure that every Hoosier has access to high-speed, reliable, affordable broadband," said Steve Cox,
Overall, Comcast has invested more than
"Comcast is proud to continue its commitment to rural Hoosiers by kicking off construction work and ensuring even more homes have access to faster and more reliable Internet," said Joni Hart, vice president of Government Affairs for Comcast Indiana. "Through our network that delivers
Comcast's more than 49,000 miles of fiber-rich network infrastructure across
A Network You Can Trust to be Reliable, Fast and Secure
Comcast's state-of-the-art network is built to enable residents and businesses to thrive in today's constantly connected world. Additional homes in
Introducing Xfinity for Consumers
Comcast's residential services are marketed under the Xfinity and NOW brands and consumers in the company's
For local businesses, Comcast Business offers a suite of connectivity, communications, networking, cybersecurity, and managed solutions to help organizations of all sizes achieve their business goals. Industry analysts and associations have consistently recognized Comcast Business as a leader and innovator in flexible, scalable options as well as one of the fastest-growing providers of Ethernet services.
What it Means for Residents
Comcast's commitment to communities goes beyond building the network and aims to increase economic mobility for the local community and its residents. That's why Comcast created Internet Essentials, a broadband adoption program that offers eligible households low-cost, high-speed Internet and affordable computers. The program has helped more than 772,000
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.
About Comcast Indiana
With more than 1,100 local employees, Comcast Indiana (https://indiana.comcast.com/) has served customers in
Press Contacts
Amy Pietzak
248-318-8905
amy_pietzak@comcast.com
Samantha VanHoef
734-478-7118
samantha_vanhoef@comcast.com
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SOURCE Comcast
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