Comcast Shares Slump to 13-Year Low as Xfinity Unveils Same-Day WiFi
Comcast shares plunged to their lowest level since October 2013, falling nearly 30% over the past year as broadband competition intensifies and consumer habits shift. Xfinity rolled out same-day WiFi equipment delivery in 20 markets with full expansion by early 2027, while Comcast boosted its debt tender offer to $4.14 billion and committed over $6.7 billion to a UK theme park.
1. Share Price Decline
Comcast shares closed at their lowest level since October 2013 on June 18, reflecting a nearly 30% drop over the last year as broadband rivals and shifting consumer preferences erode market share.
2. Xfinity Same-Day WiFi Delivery
Xfinity introduced same-day delivery and in-store pickup for WiFi gateways in 20 major markets, targeting a nationwide rollout by early 2027 to speed customer onboarding and counter fiber and wireless competitors.
3. Debt Tender Offer Increase
The company increased its debt tender offer to $4.14 billion, a move aimed at optimizing its balance sheet and lowering interest expenses amid broader economic pressures.
4. Universal UK Theme Park Commitment
Comcast committed more than $6.7 billion to build its first European theme park in the U.K., a long-term project expected to create thousands of jobs and stimulate regional economic activity.
