Pins matching company:Comcast

On 28 January 2011 Comcast and General Electric closed their deal creating NBCUniversal, a joint venture 51% owned and managed by Comcast and 49% by GE, headquartered in New York.

Comcast has two gigabit Internet services, one that uses cable and another that uses fiber only. The one we've talked about so far in this article uses existing cable lines to deliver 1Gbps download speeds and 35Mbps upload speeds with version 3.1 of DOCSIS (Data Over Cable Service Interface Specification). Comcast should be able to boost upload speeds significantly with advances in DOCSIS 3.1 technology, but it hasn't announced any specific plans to do so yet.

On 22 September 2018 Comcast won the UK takeover auction for Sky, its 17.28 pound per share offer beating 21st Century Fox's 15.67 pounds and valuing Sky at about 30.6 billion pounds.

Comcast completed the spin-off of CNBC, MS NOW, USA Network, Golf Channel, E!, Syfy and Oxygen into the new public company Versant on 2 January 2026; it began trading on Nasdaq as VSNT on 5 January.

Comcast closed the sale of Sky's German-speaking business to RTL Group on 31 May 2026; RTL paid EUR 68 million upfront against the EUR 150 million originally stated, with a variable share-price-linked payment on top.

On 29 June 2026 Comcast announced a tax-free spin-off of NBCUniversal and Sky into an independent public company, expected in about a year, with Mike Cavanagh to run NBCUniversal and Michael Angelakis to become Comcast CEO.

Comcast's second-quarter 2026 results, reported on 23 July, showed revenue of US$29.9 billion, adjusted EPS of US$1.04, a first-ever quarterly profit for Peacock (EBITDA US$189 million) and 448,000 new wireless lines.

Comcast filed WARN notices from 29 October covering 159 jobs in Washington, 634 in Philadelphia, 119 in New Jersey and 82 in California, about 994 in all, after saying it would book a Q4 restructuring charge of more than US$1 billion.