Igor Golovniov | Lightroket | Gety pictures
Cable Pom He looks forward to wireless growth of growth.
CEOs at Kumkast said on Thursday that the company will convert its focus into its mobile work after reporting a loss of 139,000 customers of the residential broadcast during the fourth quarter.
The wide range has always been a growth driver for the cable industry, especially after the cable TV customers leave. Although the revenues of the broader sector are still stable, Komca, like its Kabuli peers, was in the midst of a slowdown in customer growth, which relates to investors in recent years.
COMCAST shares fell by more than 12 % in trading in the middle of the morning on Thursday.
The company’s executive officials said during a profit call on Thursday with investors that the company will turn its strategy into mobile phone packages with the wide range in an attempt to more customers.
The recession stems from a number of factors, including the appearance of wireless service providers in the first place Verizon and T-Mobile Submit home wide domain options.
“In short, the competitive conditions remain intense, dynamic and varied through our clips and segments of clients,” said the chief of the Mike Kavanag in the investor’s call on Thursday. “We do not see any signs of this change in the short term.”
Mobile phone movements
In 2022, Komca and a colleague of the cable giant Etisalat Charter Each of them reported a quarterly decrease in the growth of subscribers in the wide range.
Executive officials were martyred for reasons such as the slowdown in buying and selling homes-noting that there are fewer when the Americans sent the Americans to the home to work and learn.
But the rise of fixed wireless offers from Verizon and T-Mobile has greatly increased competition. In December, the CEO CABLE DARVE WATSOSON called and warned of a loss in the fourth quarter of 100,000 customers. On Thursday, the announcement of deeper losses than the subscribers.
The so -called internet construction of the fibers contributed to the competition, as well as the fixed wireless, which is a broad high -speed width of 5 grams and an alternative to the wide range of the cable. In the fixed wireless past, Komca rejected as a “lower product”.
On Thursday, financial director Jason Armstrong said that the expectation is that the fixed wireless, and satellite companies are likely to be “descended from the market.” He also pointed to the increasing wide range of the cable as an advantage.
In response, Kumca is looking forward to Mobile to develop both growth and maintain its customer base.
“While we are busy with the American residential broadcasting market of $ 80 billion, we are the opponent in the largest US wireless market of $ 200 billion,” Armstrong said. “Wireless part is an integral part of our bold strategy.”
Comcast is now more than 7.8 million lines over the phone, or the penetration of 12 % of the residential domain customer base, giving it the “long corridor forward”.
Comcast Xfinity Mobile launched in 2017, while Charter started offering a mobile phone in 2018. The largest cable companies in the United States have set consistent quarterly gains from mobile phone lines since then. The smaller operators such as Altice Usa and COX added the show.
Comcast and mobile devices of its peers depend on the wireless network in Verizon, as well as the widely domain networks for customers and hot points Wi-Fi. Only the comation customers can subscribe to the mobile phone service through the company.
Cable companies said that their mobile companies reduce the so -called Churn, or the loss of customers, and it was a key to obtaining new subscribers and leading revenue growth.
Kavanagh said on Thursday that the company will press to simplify its packages, following the offers of mobile phones and bold. In The Fall Charter, a series of changes in its plans, including packages with a mobile phone, revealed that CEO Chris Winfrey CNBC told the company that “wanted to make a bold statement.”
Disclosure: CNBC KNBC has NBCunivesal.
