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Comcast to launch new platform in push for business customers

Comcast to launch new platform in push for business customers
From Reuters - September 13, 2017

NEW YORK (Reuters) - Comcast Corp, the largest U.S. cable provider, on Wednesday launched a new business application and platform with faster connections in its push to boost sales to commercial customers as more consumers drop traditional cable services. Comcast, like other pay-TV providers, is under pressure as viewing habits change and wants to leverage its infrastructure to grow in other ways.

Comcast sees $40 billion to $50 billion in potential revenue from selling services like voice, video and networking technologies to business customers, a market segment traditionally dominated by telecom companies like AT&T Inc and Verizon Communications Inc, said Bill Stemper, president of Comcast Business, in an interview.

He said the application, which runs on a software-based platform called ActiveCore, provides a faster, cheaper way to connect branch offices to a data center or business headquarters.

Business services was the fastest growing segment in Comcasts cable business last year, with revenue up 16.1 percent to $5.51 billion.

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