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Comcast, banking on VoIP service for growth, isn’t in a rush to a...

Comcast, banking on VoIP service for growth, isn’t in a rush to add wireless service, CEO Brian Roberts said. Comcast Digital Voice (CDV), the cable operator’s VoIP service, will be available in 20 markets by year’s end, Roberts told…

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a Goldman Sachs conference in N.Y.C. Next year “is the year that you will really see the company focus all its guns on CDV,” he said: “We do not believe we need a wireless phone [service] to be successful in that… we're not that anxious… We are exploring how to have our products work in the wireless world.” The company’s set-top device for digital simulcasting, which Roberts described as resembling a cable modem more than a set-top box, costs less than $70 each. Comcast’s Enhanced Basic cable service will continue to be offered at no additional cost to cable subscribers, he said. The company, having repurchased about $3 billion in stock in the past 18 months, will likely continue to use free cash flow for buybacks: “We do think there is risk in our business from new entrants, but perhaps not as much as the market seems to believe.” Roberts echoed previous comments that the company doesn’t foresee a major transaction in the near future: “No, there’s not a lot of opportunity, so we've focused on innovation from within.”