Stock Ticker

  • Loading stock data...

Comcast Corporation (NASDAQ:CMCSA) Fails To Fulfill Cheap Internet Promise

Boston, MA 06/03/2014 (wallstreetpr) – The leading American mobile network providing company Comcast Corporation (NASDAQ:CMCSA) has been trying its best to strengthen its market share in US mobile network market for a long time. The promise that it made to America’s poor people was just one more step in that direction. CMCSA in Scranton area had recently launched a plan named ‘ Internet Essentials’ for those families who earned very less income and can’t afford to pay higher internet charges on the monthly basis. But the only condition company has put in the plan is that the low income level family should have school going children.

There are several people who are living a very low profile life, but still not able to subscribe for the plan offered by Comcast Corporation (NASDAQ:CMCSA) because of the one of its kind condition. Please note that the company promised poor Americans to provide inexpensive internet. But after looking at the current statistics, CMCSA doesn’t seem to fulfill its promise. Please note that it acquired NBC Universal three years back in 2011, and to make federal approval easy, it made an announcement of providing cheap internet and inexpensive computers to all those people who didn’t have a good income.

But as there was no limit or condition set by the Federal Communications Commission, hence Comcast Corporation (NASDAQ:CMCSA) did partial change in its internet services for low income families. At present, there are more than 7.2 million low income families in the area where CMCSA provides services, but not more than 2.6 million people are eligible to get the inexpensive internet plan provided by the company.

Recently Comcast Corporation (NASDAQ:CMCSA) also announced the results of shareholders meeting. And some of the major points of considerations were appointment of Deloitte LLP as the only independent auditor, decision on advisory compensation, and election of directors for the next financial year.

Published by Fiona Gibson

Fiona is a finance graduate and an expert in analyzing market trends.

Recent Stories

SignUp Now For Our Featured Newsletter