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Comcast shifts a strategy to mobile devices as a broadband disappointment


Igor Golovniov | Lightrocket | Getty Images

Cable giant Comcast is in search of wireless business for growth.

Comcast executives said on Thursday that the company would then transfer its focus to mobile business reporting Loss of 139,000 residential -wide -spirited customers during the fourth quarter. The broadband is a long -term engine of growth of the cable industry, especially after the exodus of cable television customers.

Comcast sections have fallen on Thursday more than 8% in early trading.

Although the revenue remained stable, Comcast, like its cable peers, in recent years in the midst of slowing down customers’ growth.

Slowing passes for numerous factors, including primarily an increase in wireless providers like services like Verizon and T-mobile offering homemade broadband options.

Company executives said during a call on Thursday with investors that the company would transfer its strategy to packing mobile devices with a broadband network on offer for multiple customers.

This is news. Please check updates.



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