Comcast Signs Agreements with State of Indiana: Joint $55 Million Investment to Bring Fast Internet to 10,000+ Rural Homes, Businesses
Rhea-AI Summary
Comcast (CMCSA) has partnered with Indiana state offices to invest $55 million in bringing high-speed Internet access to over 10,000 rural homes and businesses across seven counties. The expansion follows Comcast's previous $500 million network investment in Indiana over the last three years. The project will serve unserved and underserved communities in Boone, Morgan, Shelby, Miami, Delaware, Fayette and Rush counties. Pre-construction work has already begun in several counties, with plans to offer comprehensive services including Xfinity Internet, Mobile, X1, and Home security solutions. The company currently operates over 49,000 miles of fiber-rich network infrastructure across Indiana.
Positive
- Joint $55 million investment to expand high-speed Internet access to 10,000+ rural locations
- $500 million network investment in Indiana over past three years
- Expansion of revenue opportunities in seven new counties
- 49,000 miles of existing fiber-rich network infrastructure in Indiana
Negative
- None.
News Market Reaction – CMCSA
In the trading session that priced this news, CMCSA declined 0.30%, reflecting a mild negative market reaction.
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Expansion follows Comcast's
The joint
"Our goal is to ensure that every
The joint investment will enable Comcast to build Internet to rural, unserved and underserved portions of
"The collaborative efforts between the IBO, OCRA and Comcast will not only empower residents and supercharge businesses, but will literally connect them to a better quality of life," said Steve Cox,
Over the past three years alone, Comcast has invested more than
"Ensuring all Hoosiers have access to the fastest, most reliable Internet available continues to be a top priority for Comcast," said Joni Hart, vice president of Government Affairs for Comcast Indiana. "For the first time, residents and businesses in unserved and underserved communities will be able to wield the full power of the Internet. With this investment, the partnership between IBO, OCRA and Comcast continues to be life changing."
Comcast plans to continue bringing its next-generation network to more unserved and underserved communities in
Pre-construction work has kicked off in
Incoming Services
With each build, residential customers will be able to take advantage of Xfinity's full suite of services, enabling them to access e-learning, utilize telehealth capabilities, stream movies and shows, game with friends, and watch live sports—in real time.
Incoming services include:
- Xfinity Internet—powered by the fastest, largest, and most reliable network in the county, delivering
99.9% reliability scores, year after year. - Xfinity Mobile, which carries a variety of new mobile phone models, devices and accessories and offers flexible data plans—Unlimited or By the Gig—that fit customers' unique needs.
- Xfinity X1, which offers live TV, sports, music, and streaming apps. can be controlled using Xfinity's award-winning Voice Remote. Through Xfinity StreamSaver, customers can bundle Peacock, Netflix and Apple TV+ and save money.
- Xfinity Home, the company's home security and automation solution.
Hoosier households will also have access to the company's Internet Essentials program, a low-cost Internet service available to eligible families who qualify for a variety of public assistance programs. The program has helped more than 750,000
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 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.
Statewide Investment
Comcast currently operates more than 49,000 miles of fiber-rich network infrastructure across
Overall, Comcast has invested more than
To learn more about Xfinity services, visit www.xfinity.com or call 1-800-Xfinity. To learn more about Comcast Business services, visit www.business.comcast.com or call 866-429-3085.
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
248-318-8906
amy_pietzak@comcast.com
Samantha VanHoef
734-478-7118
samantha_vanhoef@comcast.com
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SOURCE Comcast