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OFFON

COMCAST CORPORATION

(CMCS.A)
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PRESS RELEASE : COMCAST EXPANDING SERVICE TERRITORY, BRINGING FULL SUITE OF PRODUCTS AND SERVICES TO HUBBARD AND WOODBURN

07/20/2021 | 12:51pm EDT
DGAP-News: Comcast Oregon / SW Washington 
COMCAST EXPANDING SERVICE TERRITORY, BRINGING FULL SUITE OF PRODUCTS AND SERVICES TO HUBBARD AND WOODBURN 
2021-07-20 / 18:50 
The issuer is solely responsible for the content of this announcement. 
=---------------------------------------------------------------------------------------------------------------------- 
Comcast Oregon/SW Washington has embarked on a USD15 million project to bring its full suite of broadband products and 
services, both residential and business, to the communities of Hubbard and Woodburn, Oregon. Those communities will 
have access to Xfinity Internet, delivering speeds of 50 megabits per second (Mbps) up to 1.2 gigabits per second 
(Gbps) for residential customers and up to 10 Gbps for business customers. 
David Tashjian, Regional Senior Vice President of Comcast Oregon/SW Washington describes the expansion as strategic. 
'We are actively working to fill in some of the holes in our service area map, particularly in some of the more rural 
areas of the mid-Willamette Valley,' explains Tashjian, 'And we're eyeing expansions into additional communities 
adjacent to our footprint.' Tashjian says connecting people to the power of broadband technology can be life changing, 
and vows that Comcast will continue to invest in the region. 'Over the past three years, we have spent more than USD510 
million in Oregon/SW Washington to maintain and upgrade our network, help local charities, and keep children connected 
during school closures.' 
Construction has already begun with fiber backbone to these communities now in place. Hubbard will be the first area to 
receive service, with customers likely able to come online in September. Service to Woodburn will be accomplished in 
phases and is expected to begin in December of this year with completion forecast for the end of 2022. 
Hubbard Mayor Charles Rostocil is bullish on Comcast bringing more choices to the residents of his community. 'Internet 
connectivity is not a utility, thank goodness, so our residents get the opportunity for competition. Competition drives 
innovation which will incentivize companies like Comcast to constantly seek ways to improve the technology and service 
they offer to their customers.' 
Mayor Rostocil says the City of Hubbard has fewer retail businesses than Woodburn, for example, but it does have a 
strong industrial base, and Comcast Business offers the services they're looking for. 'What I hear from our industrial 
folks is that they want steady, reliable internet connections.' 
Woodburn Mayor Eric Swenson says internet access has become an essential service. 'The critical role of the internet in 
our homes and the need for robust, reliable connectivity for distance-learning has been highlighted by the pandemic. 
People are always clamoring for choices and Comcast will offer the citizens of Woodburn an exciting new option.' 
'That is great news!' was the immediate response from John Zobrist, Executive Director of the Woodburn Area Chamber of 
Commerce, upon hearing the news that Comcast will be providing service there. 'That's fantastic. It will give our local 
businesses a new option.' Zobrist says the community is actively growing. 'We have 120 acres of industrial land 
available for development right now due to the recent expansion of the urban growth boundary. In addition, there are 
over 750 new homes being built and over 2,000 units of multi-family apartments and condos approved or underway. The 
expansion of industrial space and housing will drive additional business growth, as well.' 
Along with its products and services, Comcast will bring its Community Impact programs to Woodburn and Hubbard through 
its decade-old Internet Essentials program. Mayor Swenson sees that as a benefit to his residents, calling Comcast's 
commitment to supporting the needs of the community 'impressive.' 'We have hard-working, but still economically 
challenged families here in Woodburn, and programs aimed at helping low-income families who've struggled to afford 
internet access are very welcome.' 
Earlier this year, Comcast announced a USD1 billion commitment over ten years in continued support of digital equity, 
including its Lift Zones initiative, which aims to establish WiFi-connected safe spaces in 1,000+ community centers 
nationwide for students and adults by the end of 2021. 
Comcast Oregon/SW Washington has more than 1,400 employees who serve more than one million residential and business 
customers throughout the state. Comcast is Oregon/SW Washington's provider of Xfinity video, high-speed Internet, smart 
home and phone services. Comcast operates Xfinity retail stores throughout Oregon/SW Washington, which feature a 
welcoming and modern retail environment that highlights the complete line of Xfinity home and Comcast Business 
technology offerings, including Xfinity Mobile, Xfinity X1, Xfinity Home and Xfinity Internet. To learn more about 
Comcast in Oregon/SW Washington, visit: https://oregon.comcast.com. 
About ComcastComcast Corporation (Nasdaq: CMCSA) is a global media and technology company that connects people to 
moments that matter. We are principally focused on broadband, aggregation, and streaming with over 56 million customer 
relationships across the United States and Europe. We deliver broadband, wireless, and video through our Xfinity, 
Comcast Business, and Sky brands; create, distribute, and stream leading entertainment, sports, and news through 
Universal Filmed Entertainment Group, Universal Studio Group, Sky Studios, the NBC and Telemundo broadcast networks, 
multiple cable networks, Peacock, NBCUniversal News Group, NBC Sports, Sky News, and Sky Sports; and provide memorable 
experiences at Universal Parks and Resorts in the United States and Asia. Visit www.comcastcorporation.com for more 
information. 
Contact Details 
Comcast 
Amy Keiter 
+1 503-407-9109 
amy_keiter@comcast.com 
Company Website 
https://corporate.comcast.com/ 
News Source: News Direct 
=---------------------------------------------------------------------------------------------------------------------- 
2021-07-20 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. 
Archive at www.dgap.de 
=---------------------------------------------------------------------------------------------------------------------- 
Language:     English 
Company:      Comcast Oregon / SW Washington 
              United States 
ISIN:         US20030N1019 
EQS News ID:  1220446 
 
End of News   DGAP News Service 
=------------ 

1220446 2021-07-20

 
Image link: 
https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1220446&application_name=news 
 

(END) Dow Jones Newswires

July 20, 2021 12:50 ET (16:50 GMT)

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Financials (USD)
Sales 2021 115 B - -
Net income 2021 13 360 M - -
Net Debt 2021 88 521 M - -
P/E ratio 2021 19,7x
Yield 2021 1,76%
Capitalization 259 B 259 B -
EV / Sales 2021 3,02x
EV / Sales 2022 2,79x
Nbr of Employees 168 000
Free-Float 83,2%
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Mean consensus BUY
Number of Analysts 35
Last Close Price 56,49 $
Average target price 66,68 $
Spread / Average Target 18,0%
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Managers and Directors
Brian L. Roberts Chairman, President & Chief Executive Officer
Michael J. Cavanagh Chief Financial Officer
Jeff Votaw Vice President-Engineering
Candy Lawson Chief Compliance Officer & Senior Vice President
Karen Dougherty Buchholz Executive Vice President-Administration
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