Comcast Sees Growth of Fiber Competition, CFO Says

About 50% of Comcast's footprint faces fiber competition, with that figure expected to reach 60% in the next few years and continue growing, its Chief Financial Officer Jason Armstrong said Thursday during a Morgan Stanley investor conference. Comcast adds roughly 300,000 wireless subscribers per quarter and will likely accelerate that pace with subscription deals, he added. It completed 850,000 line extensions in 2022 and is on track to do more than a million this year. It will likely exceed that figure in 2024, he said.