StockNews.AI
CMCSA
StockNews.AI
14 days

Comcast Extends its High-Speed Internet Network and Brings Advanced Connectivity Services to Block 59 Redevelopment in Naperville

1. Comcast invested $1.4 billion in Illinois over the last three years. 2. Block 59 now offers up to 100 Gbps Internet speeds for businesses. 3. New dining and retail businesses are attracted to Block 59 redevelopment. 4. Comcast Business enhances connectivity for businesses with advanced technology solutions. 5. Comcast has over 65,000 miles of network infrastructure in Illinois.

8m saved
Insight
Article

FAQ

Why Bullish?

The investment in infrastructure and service expansion strengthens Comcast's business foundations, similar to past expansions that positively impacted CMCSA's stock. Expectations of growth in regional markets can stimulate investor confidence.

How important is it?

The article details significant infrastructure investment, signaling strong growth potential which is critical for CMCSA's market strategy. As such developments can indicate future earnings growth, they are highly relevant for stakeholders.

Why Long Term?

Continuous investments in infrastructure support long-term company growth and solidify market positions, ultimately benefiting stock performance over time, like historical network upgrades.

Related Companies

TVZDISNFLXAMZN
Expansion follows network investment of $1.4 billion in Illinois over the last three years, /PRNewswire/ -- Comcast Business today announced the completion of a project to extend its network in Naperville, IL, bringing Comcast Business's high-speed Internet, cybersecurity, and other advanced technology solutions to Block 59, a 16.5-acre redevelopment on the northeast corner of Route 59 and Aurora Avenue with new dining, retail, and entertainment attractions. Businesses in Naperville's Block 59 redevelopment now have access to Comcast Business's full suite of connectivity solutions, including Internet speeds up to 100 Gbps over Ethernet, Advanced Voice, Comcast Business Mobile, and cloud services. With the extension complete, businesses in Block 59 now have access to Comcast Business's full suite of solutions, including Internet speeds up to 100 Gigabits per second (Gbps) over Ethernet, Advanced Voice, Comcast Business Mobile, and a variety of cloud services. Comcast Business is a leading provider of advanced technology solutions, helping businesses of all sizes adapt, evolve, and thrive in an ever-changing digital landscape. Across industries and around the globe, Comcast Business designs and delivers reliable, flexible, and scalable solutions that help empower business growth. "Block 59 has already announced many new businesses who have been eager to call Naperville home," said Scott Wehrli, Mayor of Naperville. "Comcast's investment in this redevelopment will continue to invigorate the city's Route 59 corridor with new restaurants, retail stores, and entertainment options for our community.""The Block 59 redevelopment is more than a revitalization project – it's a catalyst that will bring more people to Naperville to connect, shop, dine, and invest in our community," said Kaylin Risvold, President & CEO of the Naperville Area Chamber of Commerce. "We're fortunate to have so many Chamber Members already investing in Block 59. Knowing that Comcast Business, a dedicated member for over 20 years, is expanding their services to this vibrant new area shows how working together helps our businesses – and Naperville – continue to move Business Forward."With a suite of solutions including connectivity, networking, cybersecurity, and unified communications and a range of service models, Comcast Business can meet the needs of any size business at scale. Comcast Business' position as a part of Comcast Corporation – a Fortune 50 leading media, technology, and entertainment company – enables a unique set of capabilities and a broad perspective to customers."Comcast is proud to bring our full suite of connectivity and technology solutions to Block 59 businesses to ensure they have the speed and reliability necessary to thrive," said Sean McCarthy, Comcast's Regional Vice President of Business Development and Strategic Initiatives.Overall, Comcast has invested over $80 billion in the last ten years to grow and evolve its next-generation network nationwide across the company's service footprint, including $1.4 billion in Illinois alone over the past three years. Comcast has more than 65,000 miles of advanced network infrastructure in Illinois and offers gigabit+ Internet speeds to residential and business customers across its service footprint in the Chicago area and nationally. In addition, the company has more than 1.8 million WiFi hotspots in the state and more than 23 million nationwide.About Comcast BusinessComcast Business offers leading global businesses the technology solutions and forward-thinking partnership they need. With a full suite of solutions including fast, reliable connectivity, secure networking solutions and advanced cybersecurity and a range of managed service options, Comcast Business is ready to meet the needs of businesses of all sizes. Comcast Business has been recognized by leading analyst firms for its continued growth, innovation, and leadership, and is committed to partnering with customers to help them drive their businesses forward.For more information, call 800-501-6000. Follow @ComcastBusiness on social media networks at http://business.comcast.com/social.About Comcast CorporationComcast 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.Media Contact:Teddy Bailey630-716-0874[email protected]SOURCE Comcast WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

Related News