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Comcast has finalized a network expansion project in Forest, Virginia, providing high-speed internet access to nearly 7,000 homes and businesses.
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Comcast stock has fallen nearly 60% since 2021 due to declining cable TV and broadband subscriber bases. Cable TV customers dropped from 22 million to 10 million since 2012, while broadband customers fell from 32.3 million to 28.3 million. Despite these challenges, the stock's low P/E ratio of 7 and 5.8% dividend yield may present a buying opportunity, though growth prospects remain limited.
Comcast has extended its multi-gigabit, symmetrical internet service to over 4,300 homes and businesses in Franklin, New Hampshire.
Comcast has finished a construction project in Tulare County, providing high-speed internet access to thousands of residents for the first time.