Comcast's wireless division posted its best quarter ever with 448,000 net line additions, marking a second consecutive record quarter and a 25% year-to-date increase in net additions. The company surpassed 10 million wireless lines for the first time, representing just 7% penetration of the total addressable lines in its footprint, according to management. A popular free line promotion has been a key growth driver, and the significant majority of customers rolling off the free offer are converting to paid plans as expected, validating the service's value and signaling easing promotional drag. While the core broadband business faces intense competition, the wireless unit is emerging as a powerful second growth engine with substantial runway by deepening relationships with existing households.
Comcast CorpWireless division posted record 448,000 net line additions, surpassing 10 million lines, with strong conversion from free to paid plans.
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