Comcast Declares Victory In Gigabit Home Internet Race [Fortune]
Morgan Stanley (MS)
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Source: Fortune
Amid increasing competition for high-speed home Internet service, Comcast on Thursday said it had completed expanding its gigabit-speed broadband service to nearly every home in its service area. About 58 million homes across the cable giant’s 39-state footprint can now order Comcast’s Xfinity Gigabit service, which can cost $100 to $160 per month depending on the region, more than double the price of slower broadband plans. But it is so fast that customers can download high-definition movies in under a minute and connect dozens of devices in a single household without a hiccup. Comcast also offers limited-time, promotional rates of $90 per month for new gigabit customers. “One of the ways that we compete, of course, is ensuring that we’ve got the fastest and the most reliable network,” Matt Strauss, executive vice president of Xfinity Services at Comcast, tells Fortune . “What’s partly behind the announcement is reinforcing that now we have one gig deployed across our e
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