Comcast won a rural broadband funding round in Maryland to expand high-speed internet access.

May 22, 2024•about 1 year ago

Amount Raised

$19.6 Million

Philadelphia

Investors

Comcast

Description

Comcast was selected as the big winner of rural broadband funding in Maryland, receiving funding in 7 jurisdictions and sharing funding in 4 others. The total amount awarded in this funding round was $19.6 million, and it aims to make high-speed broadband available to locations lacking service, supporting 2,400 unserved households.

Company Information

Company

Comcast

Location

Philadelphia, Pennsylvania, United States

About

Comcast Business offers a broad suite of technology solutions to keep businesses of all sizes ready for what’s next. With a range of offerings including connectivity, secure networking, advanced cybersecurity, and unified communications solutions, Comcast Business is partnering with business and technology leaders across industries and integrating Masergy, a leader in software defined networking, to help drive businesses forward. We also welcome our new followers from Masergy, who as of 6/30, are now part of the extended Comcast Business community.

Funding Insights

Based on industry data

VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

Tech investment trends

83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

Comcast won a rural broadband funding round in Maryland to expand high-speed internet access.

Investors

Description

.css-1v6jzuu{--tw-text-opacity:1;color:rgba(75, 85, 99, var(--tw-text-opacity));}Company Information

Funding Insights

Related People

Company Information