TELECOM Digest OnLine - Sorted: Cable Companies See Surge in Net Business

Cable Companies See Surge in Net Business

Monty Solomon (
Thu, 28 Oct 2004 01:20:28 -0400

By MICHAEL RUBINKAM Associated Press Writer

PHILADELPHIA (AP) -- The cable industry's foray into high-speed
Internet service continues to pay off, with Comcast Corp. and Cox
Communications Inc. both reporting hundreds of thousands of new
broadband subscribers _ and double-digit revenue increases.

The gains buoyed investors, who sent the shares higher despite profits
that fell short of expectations.

Comcast, the nation's biggest cable television company, said Wednesday
it added a record number of new high-speed Internet subscribers in the
third quarter, helping boost revenue by 12.1 percent. The company now
has 6.5 million broadband subscribers.


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