Rochester, NY 8/12/2009 3:28:41 PM
After Hours - Comcast Corporation, CMCSA - Comcast Expects 40% Margin in WIMAX
Comcast Corporation
Comcast Corp. announced that the margin on company’s WiMAX service should exceed 40 percent once the pricing for it goes to $69.95 per month. WiMAX network, offers WiMAX in Atlanta and Portland, Ore. now, and will launch in Chicago, Philadelphia and Seattle later in the year. It’s also reselling Sprint-Nextel Corp. 3G service and bundling the two.
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"The product at the end of the year resets to $69.95," Comcast COO Stephen Burke told analysts during the conpany’s earnings call. “And the combination product of the two has a very healthy margin. We were just talking about 40 percent margins. The margin is in excess of 40 percent, the combination once it resets to $69.95."
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