Skip to main content

Comcast CEO Questions Telco Strategy

Dow Jones reports that Comcast Corp. doesn't regard the Baby Bells' plans to offer a competing video service to be a legitimate threat to the cable industry, according to its chief executive.

Brian Roberts, who is also chairman of the nation's largest cable company, said he "questions the logic" of spending all that money to lay down a high- speed fiber network just to enter the mature video business. "It's not the pot of gold that will solve all your problems," he said during a conference hosted Wednesday by BusinessWeek, a unit of McGraw-Hill.

"You hear [Verizon Chief Executive Ivan Seidenberg] say we're going to this and that - we're doing this now," Roberts said of its strategy of bundling multiple services such as video, Internet and voice. "The Telcos' plan does not show any economic promise."

While Roberts doesn't see the phone companies as a threat, he does take the satellite companies more seriously. Comcast's main advantage over satellite is the ability to communicate in both directions. As such, the company has been aggressive in pushing video-on-demand services to its customer base.

Popular posts from this blog

How AI Transforms Financial Decision-Making

Artificial intelligence (AI) has emerged as a transformational force, reshaping business processes and unlocking new possibilities for efficiency and innovation in corporate finance. The latest Gartner survey on AI usage in finance provides evidence of this emerging trend, offering valuable insights into the future growth trajectory of AI in finance. The Gartner survey reveals a significant milestone. As of 2024, 58 percent of finance functions actively use AI technology -- that's a substantial increase from previous years. Artificial Intelligence Market Development Perhaps even more telling is the projection that by 2026 more than 80 percent of finance functions are expected to be leveraging AI solutions. The survey sheds light on the use cases of AI in finance: AI is being deployed to enhance forecasting accuracy and provide deeper insights into financial trends. Automation of routine tasks and improved accuracy in financial reporting are key benefits observed. AI algorithms are