Comcast: CBRS Will Get More Use as Wireless Ramps Up
Comcast is generally well-insulated against a recession, though revenue from its theme parks and advertising is vulnerable, Chief Financial Officer Jason Armstrong said Thursday. Speaking at MoffettNathanson's Media, Internet and Communications Conference, Armstrong said the company hasn't seen signs of…
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a weakening economy yet. In addition, he said 90% of the traffic on Comcast's Xfinity Mobile business is offloaded onto its Wi-Fi network, a greater percentage than wireless companies offload. Comcast uses its citizens broadband radio service spectrum in particularly high-density areas to offload more of that traffic, lowering its mobile virtual network operator costs, Armstrong said. As Comcast continues to scale up its wireless offering, it can offload more traffic using the CBRS spectrum, he added. Comcast expects to eventually see fiber competition "in the vast majority of our footprint." By comparison, fixed wireless and SpaceX's Starlink will represent some competition, but they're capacity constrained, he said.