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Comcast Corp (NASDAQ: CMCSA) will increase the fastest Xfinity Internet tier in California from tomorrow to extend the advantage of the WiFi technology capable of delivering faster speed than one Gigabit per second (Gbps).
Additionally, California’s Performance Starter+ customers’ download speed will be raised from 25 Megabits per second (Mbps) to 50 Mbps.
The upgrades will not entail incremental cost.
The new upgraded Xfinity Gigabit tier will need an xFi Advanced Gateway or one of the WiFi 6 capable devices compatible with the Xfinity network.
Comcast will reach out to Gigabit Internet customers for equipment upgrade without any additional cost.
Performance Starter+ customers will not require any new equipment.
Comcast has dedicated over $15 billion for network consolidation and expansion since 2017.
Price action: CMCSA shares traded higher by 0.72% at $54.55 on the last check Wednesday.
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