Comcast is rolling out in Atlanta its gigabit internet service to consumers. As the company shows competitive effort in going against Google Fiber, where a user if signed up to a 36 month contract for a rate of $70 per month will be offered an upstream capped at 35Mbps.
Comcast, the world’s largest broadcasting and cable company by revenue, confirmed that it has now more Internet service subscribers compared to its cable customers. In addition, the cable giant is also scouting for new media companies in an effort to boost its appeal among younger consumers.
Hints that U.S. regulators could veto Comcast Corp's proposed $45 billion takeover of Time Warner Cable Inc have investment bankers worried about whether they will get paid, with smaller advisory firms particularly on edge.