Investors in Wireless Can't Ignore Comcast
Comcast (NASDAQ: CMCSA) added 261,000 subscribers to its Xfinity mobile service in the fourth quarter, and it now counts over 2 million total customers. That represents its highest net addition number of any quarter since launching the service in 2017, and reverses a trend of declining net addition growth seen in the first three quarters of the year.
Comcast's size and growth as an MVNO -- a virtual network operator that relies on another wireless company's network -- has become too big for investors in the big wireless companies to ignore. Not only does Comcast represent a competitor in the industry, stealing customers away from Verizon (NYSE: VZ), AT&T (NYSE: T), T-Mobile (NASDAQ: TMUS), and Sprint (NYSE: S), but it could represent a sizable customer for wholesaling network capacity.
Image source: Comcast.
Source Fool.com
