View from behind a comcast truck parked in a residential street in Lafayette, California, September 28, 2021.
Smith / Gado collection | Archives photos | Getty images
Comcast CEO of Cable, Dave Watson, told investors on Monday that the company plans to lose more than 100,000 wide -band subscribers during the fourth quarter while the market remains “competitively”.
Comcast's actions fell by almost 10% after Watson's remarks at the Global Media and UBS conference on Monday.
The growth of broadband broadband was in the middle of a crisis. While managers have also pinned the drop in the slowdown in the purchase and sale of houses – noting that there are fewer people who register for cable when they get a new home – the accelerated competition from wireless suppliers such as Verizon And Mobile also played a big role.
“Our competition remains intense in competition. This has not changed; it was quite coherent throughout the year”, especially among consumers “concerned about prices”, said Watson on Monday.
Watson noted that the fourth quarter should reflect the first semester, when the company lost “just under 100,000” customers per quarter.
Despite continuous cable trends, Watson added that large -band activities have remained stable with regard to its high -end internet packages.
Its warning occurs after Comcast saw a relatively improved third trimester Regarding losses.
The company said in October that large -scale national net losses had totaled 87,000 in the third quarter. However, excluding losses that arose from the end of the government's affordable connectivity program, which had offered a discount for low -income permissible households, the company estimated that there was a growth of 9,000 customers.
Comcast had nearly 32 million large -strip national customers on September 30.
Watson awarded the third quarter to seasonality on Monday. Return to school often means improved wide strip numbers. He also noted that the marketing of the summer Olympic Games by NBCUNIVERSAL has also helped.
Disclosure: Comcast has nbcuniversal, the parent company of CNBC. NBCUniversal has NBC SPORTS AND NBC Olympics. The NBC Olympic Games are the holder of the US broadcasting rights in all summer and winter matches until 2032.
