A $1 billion deal to put broadband internet into every home is the next step in America’s digital transformation
- by admin
The next step for America’s next wave of digital transformation is to put internet into homes and businesses, according to a $1.2 billion deal announced Wednesday.
The deal will give Comcast a new, wireless broadband market that could grow from $5 billion in 2020 to $10 billion in 2026, said Eric Schmidt, chairman of Alphabet, Alphabet’s parent company.
It also marks a significant shift in broadband technology, with Verizon’s wireless service now in a class of its own.
The FCC is considering whether to let Verizon offer broadband service to the entire country in 2021, which would be the first time the wireless carriers have offered services to consumers outside the home.
That’s because the FCC is set to allow Verizon to sell wireless broadband service in select areas of the country next year, including in the Northeast and Midwest.
Verizon and Comcast have already begun to explore whether to launch their own wireless services in that area.
The deal could allow them to build out a wireless network with broadband capacity to support broadband services.
Comcast is already offering internet in select cities in the South.
The FCC has not yet ruled on whether to allow that.
The other major players, AT&T and Verizon, are still evaluating whether to expand their wireless networks outside the US.
A Comcast spokesperson said the company was not ready to discuss details of the deal, but that the company would “provide more details as they become available.”
Comcast’s first wireless network outside the United States will start rolling out in 2021.
The company said it has signed an agreement with two major wireless providers in Canada to expand its wireless network to the region in 2021 and 2021.
Schmidt said the agreement was “a significant milestone in our efforts to build the next wave in broadband,” one that will bring more choice to consumers.
“We expect that it will lead to a greater number of broadband options available to consumers and businesses across the country,” he said.
The company said the network will be faster than what’s available today and will have a significantly larger data capacity than what Verizon currently offers.
Comcast said it expects to add about 15 gigabytes of high-speed capacity to the network by 2021.
The plan will allow Comcast to sell more than 700,000 broadband customers in the US in 2021 as part of its network expansion, up from about 6.6 million in 2021 in 2020.
Comcast will also be able to offer Internet speeds up to 100 Mbps in each of the 100,000 customers it already sells, Schmidt said.
The agreement also includes the possibility of a joint venture between Comcast and Charter, which is in the process of acquiring Time Warner Cable.
The acquisition of Time Warner cable and the new broadband network will give the combined company more than 300 million broadband customers by 2021, the company said.
“The combination of a large broadband customer base and a strong wireless network gives Comcast the capacity to serve more than 4.5 million Americans and more than 20 million households by 2021,” Comcast said.
“The combined Comcast-Time Warner Cable network will offer consumers and small businesses across America an expanded and better Internet experience than any other provider currently offers.”
Verizon said the deal will allow it to offer its own wireless broadband services to the whole country, including rural and suburban areas.
Verizon has already begun rolling out wireless broadband in some parts of the United Kingdom, and is currently rolling out service in the Philippines.
Verified broadband providers have the option to add unlimited wireless services to their customers’ wireless plans.
Verizon and AT&I will continue to offer broadband in the U.S. and other parts of Europe.
Schultz said the companies have been working together on a plan to get Internet into every household.
The new deal gives them more leverage in this effort, he said, because the broadband market in the United State is now competitive with the wireless market in Europe.
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