Comcast Targets Big Businesses to Offset Consumer TV Defections
- Business services is one of Comcast's largest growth areas
- Cable company hopes to challenge AT&T and Verizon nationwide
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Comcast Corp. has begun selling high-speed Internet and phone service to large businesses, hoping to offset the decline of cable-TV subscribers by entering a market dominated by AT&T Inc. and Verizon Communications Inc.
The biggest U.S. cable company has signed up about 40 customers so far, including several Fortune 1000 companies in the banking, retail and hospitality industries. Comcast didn’t disclose customer names, but said one of its largest contracts generates about $350,000 per month in revenue.