PHILADELPHIA - Comcast Business announced a series of new mobile plans aimed at providing small business customers with more value and performance. The revamped Comcast Business Mobile plans, available exclusively to Comcast Business Internet customers, now offer a variety of flexible data options, including unlimited data and nationwide 5G coverage.
The company emphasizes that these changes are intended to meet the evolving connectivity needs of small businesses. With the option to mix and match data plans for each line, businesses can customize their mobile services according to their specific requirements. The plans also include calls, texts, and roaming within the U.S., as well as to and from Canada and Mexico at no additional cost.
Colleen McKelvey, Sr. Director of Product Management at Comcast Business, highlighted the importance of reliable and adaptable connectivity solutions for today's fast-paced business environment. She stated that the combination of Comcast's network reliability, internet backup solutions, advanced WiFi, and security measures, along with the new mobile offerings, can provide businesses with the connectivity they need, wherever their work takes them.
In addition to the mobile plans, Comcast Business Mobile customers can now access WiFi Boost, leveraging the nation's largest WiFi network to offer increased speed on the go. This enhancement is supported by Comcast's significant investments in its fiber-based network infrastructure, including over $20 billion since 2018.
The updated mobile plans are part of Comcast's broader suite of technology solutions that include connectivity, secure networking, advanced cybersecurity, and unified communications. These services are backed by Comcast's next-generation network and are designed to help businesses stay prepared for future demands.
Comcast Business Mobile is currently available in all of Comcast Business's service areas. Small businesses interested in these new mobile plans can sign up through the company's website. The announcement is based on a press release statement from Comcast Corporation (NASDAQ:CMCSA).
InvestingPro Insights
As Comcast Corporation (NASDAQ: CMCSA) puts a spotlight on the expansion and enhancement of its business mobile plans, the company's financial health and strategic moves are of interest to investors and industry observers alike. With a market capitalization of $152 billion and a price-to-earnings (P/E) ratio that stands at 10.36, Comcast presents itself as a substantial player in the media industry.
InvestingPro data shows that Comcast's revenue for the last twelve months as of Q1 2024 was $121.94 billion, with a slight revenue growth of 1.52%. The company has also maintained a steady gross profit margin of 70.0%, indicating its ability to efficiently manage costs relative to its revenue.
One of the "InvestingPro Tips" that stands out for Comcast is the company's commitment to shareholder returns. Management has been aggressively buying back shares and has raised its dividend for 4 consecutive years, showcasing a high shareholder yield. Moreover, Comcast has maintained dividend payments for 17 consecutive years, which is a testament to its financial stability and dedication to returning value to its shareholders.
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