COMCAST SAYS COMPETITION FROM SATELLITE OPERATORS HELPS

COMCAST SAYS COMPETITION FROM SATELLITE OPERATORS HELPS

Competition from satellite operators forced cable companies to invest in infrastructure that added Internet and phone service to their basic TV offerings -- features the satellite companies have not been able to provide effectively, Comcast Chairman Brian Roberts said Thursday as the company reported better-than-expected results in the third quarter. Comcast said that revenue from broadband Internet services increased 22 percent to $1.4 billion during the quarter, while phone service rose a whopping 51 percent to $252 million.

27/10/2006