Business services growth could be just one of the beneficial by-products of the pending Comcast/Time Warner Cable merger, Comcast vice chairman and chief financial officer Michael Angelakis told an industry audience Tuesday.
Angelakis, speaking at the Morgan Stanley 2014 Technology, Media & Telecom Conference in San Francisco, said that adding markets like New York and Los Angeles should help Comcast extend its business services clout, especially with hard-to-capture enterprise customers.
Business services is currently a $3.5 billion business for Comcast, with about $3 billion of that revenue coming from small customers with less than 20 employees. While the company has made some headway in medium-sized businesses with less than 250 employees—generating about $600 million in annual revenue and growing—TWC could help the cable giant crack the enterprise segment, or large businesses with more than 250 employees.
The television industry's top news stories, analysis and blogs of the day.
Thank you for signing up to Broadcasting & Cable. You will receive a verification email shortly.
There was a problem. Please refresh the page and try again.