Comcast has signed a deal with SpaceX’s Starlink to provide satellite-based connectivity to business customers in regions with limited network access.
Starlink is facing competition from Amazon.com’s Kuiper and Viasat, among others.
The Elon Musk-led rocket maker operates the largest constellation of communication satellites and provides internet connectivity to residential and business customers, largely in locations with limited or no access to the internet, Reuters news report said.
Starlink also has a partnership with T-Mobile to provide its customers with satellite-based connectivity in locations with no cellular reception.
Comcast said in April it had about 2.5 million business customers for broadband in the United States at the end of the first quarter, generating about $2.41 billion in revenue. Comcast’s domestic broadband average rate per customer rose 4.2 percent, driving domestic broadband revenue growth of 3.9 percent to $6.6 billion in Q1.
Comcast’s business services connectivity revenue increased 5.4 percent to $2.4 billion in Q1 due to an increase in revenue from small business customers, driven by higher average rates, and an increase in revenue from medium-sized and enterprise customers.
Comcast earlier said its capital expenditures (Capex) decreased 1.3 percent to $2.6 billion in Q1 2024. Comcast’s Connectivity & Platforms’ capital expenditures dropped 3.8 percent to $1.9 billion, reflecting lower spending on customer premise equipment, scalable infrastructure and support capital.
