Comcast Business said it now reaches 700 more local businesses in the Twin Cities following a $3.1 million investment that helped it to expand the reach of its fiber network backbone there.
The investment extends that network, which provides up to 10 Gbps, to businesses along Nicollet Mall, Eagan, Osseo, Chaska, Lake Elmo and Plymouth, the MSO said, noting that the expansion is hitting retail, commercial and industrial projects in those areas.
Comcast estimates that it about 90,000 businesses in the Twin Cities are now passed by its fiber and HFC network.
“As Twin Cities companies increasingly compete with the rest of the world, it’s critical they have access to technology that will help them run their business and serve their customers as efficiently and effectively as possible,” said Kalyn Hove, vice president, Comcast Business - Twin Cities, in a statement. “Comcast Business products are designed to provide the kind of flexibility and scalability to help businesses of all sizes adapt to the rapidly changing world of commerce, backed by dependable reliability.”
In the second quarter, business services revenues at Comcast rose 20.4%, to $1.2 billion. Comcast said it has achieved a penetrate rate of 25% for small businesses, and is approaching 10% for mid-sized businesses.
Comcast recently launched new division that targets Fortune 1000 companies.
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