Comcast goes Comcastic in 2006, Triple play does well
While babyTEL from Canada plans to be bigger here in USA, Our own Comcast is doing comcatic work in Voip space.
The results for the quarter and the year ended December 31, 2006, revenue increased 12% to $26.3 billion for the year reflecting increasing consumer demand for Comcast's services and the success of Comcast's Triple Play offer. Revenue generating units (RGUs) increased 69%, or a record 5.0 million from prior year net additions of 3.0 million, to end the year at 50.8 million RGUs.
So how much is this count for VoIP;
VoIP or Digital Voice from Comcast;
Added over 1.5 million Comcast Digital Voice (CDV) customers compared to 290,000 in the prior year.
CDV service now marketed to 32 million homes representing 68% of Comcast's footprint.
Phone revenue increased 45% to $955 million due to significant growth in CDV subscriber additions, offset by a $132 million decline in circuit-switched phone revenues as Comcast primarily focuses on marketing CDV in most markets. Comcast ended 2006 with a total of 1.9 million CDV customers or 5.7% of available homes.
High-Speed Internet Service;
Added 1.9 million high-speed Internet subscribers during 2006 – highest level of annual additions in Company history.
High-speed Internet revenues increased 23% to $5.5 billion in 2006, reflecting a 1.9 million or 19% increase in subscribers from the prior year and relatively stable average monthly revenue per subscriber. Comcast ended 2006 with 11.5 million high-speed Internet subscribers or 25% penetration of our footprint.
Brian L. Roberts, Chairman and CEO of Comcast Corporation, said, "2006 was simply our best year ever. Powered by our triple play offering and superior products, we added more RGUs than at any other time in our history and reported terrific growth in cable revenue and Operating Cash Flow. This record-setting performance demonstrates substantial operating momentum, and we could not be more enthusiastic about the future. Looking ahead, we are perfectly positioned to continue to offer consumers the best entertainment and communications value proposition available anywhere, and to continue to deliver significant value to our shareholders." Mr. Roberts added, "Reflecting our strong results and outlook, our Board of Directors authorized a 3-for-2 stock split - the 11th stock split in our company's history."
Full detail of the news release could be found by following the link below.
Links;
Comcast press release "ComCast 2006results"
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