Igor Golovniov | Lightrocket | Getty images
Cable giant Comcast turns to wireless business for growth.
Comcast managers said Thursday that the company will focus on its mobile activity after reporting a loss of 139,000 residential broadband customers during the fourth quarter. High speed has long been the growth engine of the cable industry, especially after the exodus of cable television customers.
Comcast’s shares fell by more than 8% at the start of negotiations on Thursday.
Although income has remained stable, Comcast, like its cable peers, has been in the midst of a slowdown in customer growth in recent years.
The slowdown in draws for a number of factors, including the rise of wireless suppliers as Verizon And Mobile Offering high -speed home options.
The company’s managers declared during the call for Thursday’s profits with investors that the company will transfer its strategy to pack the mobile with high speed in an offer for more customers.
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