Comcast's Plan to Split in Two Is a Step Forward as Broadband Competition Remains Intense
Comcast’s core cable business faces increased pressure from fixed-wireless offerings, which have proven viable broadband alternatives, and from fiber network expansion. Adjusting to this competitive reality has been painful, and we don't expect a turnaround anytime soon. Still, this business should remain a reliable cash generator. With the media business in flux, we aren't optimistic about NBC and Peacock. But we expect Comcast's decision to spin this business off will create an opportunity to combine it with a larger firm to gain needed scale.
United States