Comcast Corporation (CMCSA) New Street Research and BCG Future of Connectivity Leaders Conference (Transcript)

Comcast Corporation (NASDAQ:CMCSA) New Street Research and BCG Future of Connectivity Leaders Conference March 26, 2025 4:45 PM ET

Company Participants

Elad Nafshi – EVP & Chief Network Officer

Conference Call Participants

Jonathan Chaplin – New Street Research

Elad Nafshi

Thank you so much for having me.

Jonathan Chaplin

Yes. And I guess I’d love to kick off right there. What makes, in your view, Comcast’s network competitive vis-a-vis fiber today?

Elad Nafshi

Yes. So first and foremost, thank you for having me. It’s a pleasure being here today. Thank you for enduring all until the end of the day to listen to the main event. I appreciate that. Let’s take a step back for a second. The Comcast network passes over 64 million homes. We serve 39 different states. We operate the largest gig network of the nation. If you take all the fiber folks combine, they’re less than 50 million homes. And so we are already competitive and we’ve been competing with fiber for many, many years. When you look at the technology that powers our network, we’ve invested and continue to invest in this network to make it competitive and make it competitive into the long term. We have worked on the architecture that delivers our connectivity services for the past six, seven years. It’s now reaching mass scale. This architecture is very unique and it’s building on our experience that we’ve had launching the X1 entertainment platform and it enabled us to disaggregate and virtualize our network, which means we can innovate at the speed of hardware and the speed of software and innovate faster than ever before. We’re able to have seamless fiber optionality and deliver the right service to the right customer without needing to dig up and over build ourselves.

We are able