Comcast Corporation (NASDAQ:CMCSA) has acquired PowerCloud Systems. PowerCloud Systems is known for building web monitoring tools and analytics software. PowerCloud has also built a WiFi management system called Skydog. The terms of the deal were undisclosed.
Comcast Corporation Posts
Comcast Corporation (NASDAQ:CMCSA) is creating 190,000 new Xfinity WiFi hotspots in Michigan as part of an effort to connect home and business-based WiFi networks. Comcast said that the plan is to give existing customers high-speed wireless web access at no additional charge throughout the country so that they can watch TV and movies while surfing the web away from home.
Comcast Corporation (NASDAQ:CMCSA) has turned 50,000 home routers in Houston into public WiFi hotspots this week. This is the first stage in Comcast’s plan to launch hotspots across the country.
AT&T Inc. (NYSE:T) and DIRECTV (NASDAQ:DTV) said that the only way for the companies to compete against cable giants like Comcast and Time Warner Cable is for the two companies to merge, according to public interest statement they filed with the Federal Communications Commission today.
Electronic Arts Inc. (NASDAQ:EA) is reportedly making a deal with Comcast that would allow the game developer to stream games through the cable service network, according to Reuters. EA has been testing the service for over two years now. The games would be streamed through X1 – Comcast’s operating system that supports voice commands and Internet applications. The EA deal is supposed to make purchasing a video game through the service as “easy as ordering a movie on pay-per-view.” Time Warner Cable and Comcast are expected to merge after approval by the Federal Trade Commission. This would give EA access to even more than Comcast’s 22 million users.
Comcast has agreed to transfer a portion of its post-merger subscribers to Charter Communications in preparation for the pending buyout of Time Warner Cable.
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Comcast Corporation (NASDAQ:CMCSA) has jumped six slots over the previous month in terms of the Netflix speed rankings. Now it is the number five major service provider in Netflix’s Monthly ISP Speed Index for March.
Comcast Corporation is going to increase its share buyback plan by over 80% as it prepares to acquire Time Warner Cable for $45 billion. That acquisition is undergoing regulatory review in the next several weeks.
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