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Comcast Business Announces $28 Million Investment to Expand Fiber-Rich Broadband Network

For the Beltway Region, Comcast Business announced today that it will invest $28 million over the course of two years in order to significantly expand its advanced and fiber-rich network. The Beltway Region includes Delaware, Maryland, Virginia, Washington, DC, and West Virginia. The buildout includes investments of $13 million in 2020 and $15 million in projects currently underway or planned for 2021, which will enable nearly 7,000 additional businesses to benefit from high-performance Ethernet, internet, and advanced voice solutions.

Upon completion of this project, Comcast Business will have invested more than $110 million in area network expansions since 2015, resulting in benefits for nearly 35,000 of the region's largest businesses and organizations.

Small and medium-sized businesses will benefit from network speeds of up to 1 gigabit per second (Gbps), while larger enterprises will benefit from speeds of up to 100 Gbps. This will allow businesses to quickly bring new customers online with advanced services such as fast business Wi-Fi for employees and guests, cybersecurity solutions, 4G LTE backup, and business TV. Business owners will now have access to a comprehensive portfolio of Comcast Business products and services to help them meet their day-to-day needs, such as connecting multiple sites or branch locations, connecting offices to third-party data centers, and implementing cloud-based solutions.

According to Virginia Secretary of Commerce and Trade Brian Ball, "Comcast's infrastructure investment in Virginia benefits our business community and helps the Commonwealth attract new businesses."

The following is a statement from Ed Rowan, senior director of Comcast's Beltway Region's Business Sales Operations: "Network and carrier diversity are becoming increasingly important for economic development and transformation, and the ability to provide both is becoming increasingly important. This all revolves around connectivity, which is now more important than ever as businesses expand and prepare for the next phase of their development. Our network expansions throughout Comcast's Beltway Region are the latest example of the significant technology investments we've made to increase the availability of our multi-Gigabit Ethernet services, which we've made to increase the availability of our multi-Gigabit Ethernet services. These investments will aid in the development of the regional economy, the transformation of our local communities, and the better meeting of the region's next-generation capacity requirements."

About Comcast Corporation

In addition to providing media and technology services, Comcast Corporation (NASDAQ: CMCSA) is dedicated to connecting people to meaningful moments in their lives. In the United States and Europe, we have more than 57 million customer relationships and are primarily focused on broadband, aggregation, and streaming services. They provide broadband, wireless, and video services through our Xfinity, Comcast Business, and Sky brands; they produce, distribute, and stream leading entertainment, sports, and news content through our Universal Filmed Entertainment Group, Universal Studio Group, Sky Studios, the NBC and Telemundo broadcast networks, multiple cable networks, Peacock, NBCUniversal News Group, NBC Sports, Sky News, and Sky Sports. 

About Comcast Business

For businesses of all sizes, Comcast Business provides a comprehensive portfolio of connectivity and communications solutions as well as networking, cybersecurity, wireless, and managed services to help them prepare for the future. A leader in the enterprise market, Comcast Business is the nation's largest cable provider to small and medium-sized businesses and one of the nation's top service providers to large corporations, powered by the nation's largest gigabit-speed broadband network and backed by 24-hour customer service. Throughout the years, industry analysts and trade associations have consistently recognized Comcast Business as a market leader and innovator, as well as one of the fastest growing providers of Ethernet services.

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