Comcast is launching a new wireless service with an unlimited data plan, making it the first major U.S. cable provider to enter the highly competitive wireless market. Fred Katayama reports.
Comcast is launching a new wireless service with an unlimited data plan. That'll make it the first big U.S. cable provider to enter the wireless market. It will be available by mid-year and cost $65 a month per line for up to five lines. The service, dubbed Xfinity Mobile, will launch on Verizon's airwaves and work with Comcast's 16 million Wi-Fi hotspots. Initially, it will be available only to subscribers who already have Comcast's Xfinity broadband service. Reuters reporter Anjali Athavaley: (SOUNDBITE) ANJALI ATHAVALEY, CONSUMER PRODUCT REPORTER, REUTERS (ENGLISH) SAYING: "Investors are actually excited about the prospect of cable getting into wireless. Look, it's another service that they can bundle with their existing services, and they think that that's gonna reduce churn or customer attrition. So, you know, it gives you more incentive to stick with Comcast and potentially upgrade to other services that they offer." By launching Xfinity Mobile, Comcast is making inroads into an oversaturated market. The big four U.S. wireless carriers - Verizon, AT&T, T-Mobile, and Sprint - already offer unlimited data plans starting as low as $50 a month for a single line. Comcast's cable rival, Charter Communications, also plans to launch a wireless service in 2018.