Comcast Corporation (NASDAQ:CMCSA) was one of the players in Houston’s fiber wars, where companies race to expand high-speed Internet. Internet-service providers in Houston were compelled to upgrade their residential and commercial Internet offerings amid ever increasing competition to provide low-cost high-speed Internet.
While the customers benefited from high-speed Internet, investors cheered double digit growth in their valuation as the Comcast stock gained 13.3% through this year. The stock hit 52-week high of $59.20 during Tuesday’s session before closing at $58.87.
Service Upgrades in Houston
Joe Martin of Houston Business Journal reported that Comcast Corporation (NASDAQ:CMCSA) undertook the grand expansion in Houston as part of the company’s method of proactive builds in select areas. Earlier, the company also accomplished advanced fiber network to provide Internet services into the fifth largest industrial park in the world – Baytown’s Cedar Crossing Industrial Park.
Comcast plans to roll out more than 1,000 miles of cable network to its Houston network next year. This year it doubled the speeds for starting August for its customers in Houston, California and select markets in Missouri and Kansas. The company is providing this service upgrade at no cost for Houston users.
Emphasize on High-Speed
Byron Cantrall, regional vice president for Comcast Business Services, said that the need for added bandwidth is critical to a business planning, which needs to consider making room to scale up their bandwidth as technology needs evolve. The bandwidth will continue to become a critical component of daily business.
Ralph Martinez, senior vice president for Comcast Corporation (NASDAQ:CMCSA)’s Houston Region, said that the company will continue to deliver next generation products in line with increasing customer demands. The company is continuingly investing into the state-of-the-art network to deliver the fastest Internet that change the people live, work, and play.