Comcast's Wireless Business Hit a Major Milestone Last Quarter

Comcast (NASDAQ: CMCSA) added 278,000 new subscribers to its Xfinity Mobile wireless service in the first quarter. It now counts over 3 million subscribers total.

While that pales in comparison to the big three U.S. wireless carriers, Comcast surpassed a very big milestone. Its wireless business was profitable on a stand-alone basis.

Comcast launched Xfinity Mobile in 2017, activating an MVNO agreement with Verizon (NYSE: VZ) it negotiated several years prior. Charter Communications (NASDAQ: CHTR) activated a similar agreement with Verizon around the same time.

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Source Fool.com