Looking for Comcast competitors? With a presence in further than 40 states, Comcast is one of the major companies in the United States. Although, as a cable giant, it may have come as a surprise that Comcast announced plans to stop offering T.V. services to subscribers from more than half of the Pro snitched unions.
Earlier this year, they created a huge controversy when they slowed down Internet speeds for their customers who were close to reaching their data cap. This led many consumers to start looking for “Comcast competitors”. Therefore, this article explores 10 companies that are Comcast competitors.
What Is Comcast?
Comcast is a telecommunications company that provides cable television, Internet, and home phone service. Comcast has 21 million subscribers in the U.S., making it its largest cable provider.
The company was founded by Julian Brodsky, Daniel Aaron, and Ralph Roberts. Comcast headquarters are in Philadelphia, Pennsylvania. With additional offices in Atlanta, Chicago, Denver, Los Angeles, Minneapolis, and New York City.
Comcast was formed in 1963 as American Cable Systems Inc. An operator of small cable systems in the Midwestern and Southern United States. The company grew steadily by acquiring small cable companies throughout the 1970s and 1980s; furthermore, its name became Comcast Corporation in 1979 to reflect its growing diversity. Comcast remained relatively small until it acquired Universal Cable Productions from General Electric (G.E.) in 1998 for $1 billion.
In 2002, Comcast acquired AT&T Broadband for $72 billion to become America’s largest cable provider. Three years later, Comcast announced plans to acquire AT&T Corporation for $54 billion. Creating one of the largest telecommunications companies in the world with nearly 30 million subscribers worldwide.
Comcast’s yearly total revenue for 2020 was $10.534 billion. Down 19.32% from 2019, and Its net profit for 2019 was $13.057 billion, up 11.3 per cent from 2018.
10 Comcast Competitors Analysis
Comcast is one of the country’s leading fibre and cable service suppliers. However, it has been one of America’s most despised corporations as well.
That is because the company has been plagued by numerous reports of poor customer service. Including one that said a woman was told she’d have to pay $1,000 to cancel her service when she complained about not having internet access.
So what are Comcast’s competitors? Here are 10 companies that offer similar services and therefore could be worth considering if you’re looking for an alternative to Comcast:
The first on our list of Comcast Competitors. Deutsche Telekom, or D.T., is Germany’s largest telecommunications and mobile network provider. It is also one of the world’s largest internet service providers (ISPs). You can think of Deutsche Telekom as the Comcast of Europe.
Deutsche Telekom owns brands including T-Mobile and Magenta, which it uses to market wireless services. The company also owns a large share of Vodafone and Kabel Deutschland. Two other European telecommunications companies that offer cable and DSL internet services.
Deutsche Telekom operates its own fibre network in Germany and provides access to other networks through partnerships. With cable operators like Comcast and Liberty Global (UPC). It also has a partnership with Google Fiber. Where it provides access to the high-speed Google Fiber network in Berlin, Frankfurt, and Munich.
In 2020, Deutsche Telekom AG’s yearly net revenue was $4.75 billion, up 9.67 per cent from 2019. The total yearly revenue of Deutsche Telekom AG was $4.331 billion in 2019, up 69.31% from 2018.
Verizon Communications Inc.
Next up on our list of Comcast Competitors. Verizon Communications Inc. is a telecommunications firm that operates as the country’s biggest wireless transmission network operator. With approximately $127 billion in annual revenues, Verizon Wireless is the largest subsidiary of Verizon Communications. Which owns and operates the company’s global wireless voice and data networks.
Verizon Communications also owns several companies that provide wireline and other communication services, internet access, and video entertainment. The company has its head office at 140 West Street in Lower Manhattan, New York City, with satellite branches nationwide.
On July 7, 2000 Bell Atlantic Corporation (Bell Atlantic) merged with GTE Corporation (GTE), forming Verizon Communications. In 2008, Verizon Communications was charged with fraud by the Securities Exchange Commission. For failing to disclose material information about its $3.9 billion purchase of wireless spectrum licenses. From cable companies Comcast/NBC Universal and Cox Communications during the FCC’s auction in 2006-2007. Verizon’s total revenue for 2020 was $17.801 billion, down 7.6% from the previous year.
AT&T. is Comcast’s competitor, but if you’re looking for a cable or satellite T.V. provider, AT&T. has some of the best options available.
AT&T.’s U-Verse packages offer a variety of T.V. and internet packages to fit your needs. You can get Internet Plus and Entertainment Plus bundles with your choice of DirecTV or U-Verse T.V. service. The Entertainment Plus package includes more than 150 channels. While the Internet Plus bundle offers up to 75 Mbps download speeds and 25 Mbps upload speeds. These prices are currently at promotional rates, but they’ll go back up after 12 months.
If you already have DirecTV service or want to stick with it instead of switching to AT&T.’s U-Verse T.V. service, consider taking advantage of the AT&T Unlimited & More plan for $80 per month. This plan offers unlimited data on four lines plus HBO for free. That’s $10 less than its competitor Verizon offers for its unlimited plan with no HBO included.
AT&T is the only major ISP that doesn’t impose monthly data caps on its customers. It doesn’t throttle or prioritize traffic, either. AT&T also doesn’t offer paid prioritization services or zero-rating programs like Comcast’s Stream TV service and Verizon’s Go90 app.
And unlike Comcast, AT&T doesn’t charge its subscribers extra for privacy. As noted before, AT&T does not share your browsing and search history with advertisers to build up a detailed profile of your interests for targeted advertising purposes.
AT&T’s total profit in 2021 was $168.864 billion, down 1.69 per cent from 2020. Its net income in 2020 was $171.76 billion, down 5.21 per cent from 2019. AT&T’s operating income in 2019 was $181.193 billion, up 6.11 per cent from 2018.
Time Warner Cable Inc.
Another one on our list of Comcast Competitors. In the United States, Time Warner Cable Inc. provides cable television, telephony, and Internet connection services. The company’s activities encompass providing home and commercial users with a wide of video and data solutions.
Time Warner Cable Inc. also provides broadband services for more than 12 million customers. Including those in New York City, Los Angeles, Dallas, Houston, and Austin. With more than 11 million members, it is among the U.S.’s top cable and satellite businesses. In 1963 by Ralph J. Babbitt founded Time Warner Cable , who also served as its chairman until 2001.
Time Warner Cable’s core business is providing residential and commercial customers with video, high-speed data, and voice services via its own nationwide facilities-based network.
Time Warner Cable also offers a range of programming packages. Including Digital Television, Digital Phones, High-Speed Internet, and other value-added services. WarnerMedia made $30.4 billion in annual revenue in 2020, lower than $33.5 bl the year before.
Hulu is a video-on-demand solution that gives live television, including material. The service is currently owned by Comcast, Disney, and 21st Century Fox; Time Warner used to be involved but sold its stake in the company back in early 2016.
Hulu launched in 2008 as a joint venture between NBCUniversal. Which owned a controlling 51% stake). News Corporation which owned 30% at the time. And Disney-ABC Television Group which owned 19%.
In 2018, Comcast bought out Disney’s stake in Hulu for $5.8 billion. At this point, Comcast owns 60% of Hulu, while Fox owns 30%. The remaining 10% is held by AT&T’s WarnerMedia division. Which, by the way, acquired it from Disney once it acquired Fox’s entertainment assets earlier this year.
The Spectrum Group, formerly known as the Time Warner Cable and Charter Communications, is an American telecommunications company. The company operates a broadband Internet service in the United States, acquired from Charter Communications in 2015. It also owns and operates cable systems in the United States, including California, New York City, and Wisconsin. Over 6 million people use the company.
The Spectrum Group has approximately 100,000 employees nationwide, and it provides services to customers through more than 60 million customer relationships across its operations. It offers cable television, Internet, and voice aids for residential and business users. It also provides home security and automation services through its subsidiary iControl Networks.
Spectrum Brands’ global net profit rose to over 1.37 billion in the fiscal year ending September 30, 2020, from 1.31 billion the previous year. In comparison to 2018, this is an almost 5% boost.
Cox Communications Inc.
Cox Communications is a Cox Corporations company in the United States that provides digital cable tv, communications, and building automation solutions. It is headquartered at 6205 Peachtree Dunwoody Rd in Sandy Springs, Georgia, United States. It has nearly 6 million users and is the third-leading cable operator in the United States.
The company also provides telephone service to approximately 1.5 million customers in rural areas of California, Florida, Kansas, Oklahoma, and Virginia. The company has been ranked #1 in America’s Most Admired Companies for 16 years in a row by Forbes magazine.
Founded in 1962, Cox Communications is based in San Diego, California. Through its divisions Cox Business and Cox Media Group, it offers cable television. As well as digital phones, superior quality Internet and services to clients across the United States.
In January 2019, Cox announced it would be acquiring Advance/Newhouse’s Bright House Networks for $6.1 billion with an option to acquire Charter Spectrum for $4 billion if approved by regulators. Cox has a net of 6.5 million household and business clients. In 2020, sales revenue will be $12.6 billion.
Charter Communications Inc.
Charter Communications Inc. is a cable television and internet service provider. It has over 25 million subscribers in 41 states, including Georgia, Alabama, California, Connecticut, and New York City. It was founded in 1993, and according to the company, it has approximately 17.4 million customers across 41 states.
Charter Communications Inc. provides various services, such as voice services, high-speed Internet, and video. Charter also offers home security systems, telephony services, and mobile phone service through a reseller agreement with Sprint Corporation (NYSE:S).
The company’s lines of business include Charter Spectrum, Charter Advanced Services, and Charter Telephone. Currently, Charter Communications Inc.’s stock price sits at $251 per share, with a market cap of $5 billion as of May 2016. Net profit to Charter stockholders for the year ending December 31, 2020, was $3.2 billion, up from $1.7 billion the previous year.
The sky is a British satellite broadcasting and telecommunications company which serves over 20 million customers. It is the U.K.’s leading pay-TV provider, with 21% of the market. The sky is a British tv and high-speed internet company that serves both businesses and individual users. It also offers mobile services through its trading subsidiary O2, (the operator originally called B.T. Cellnet until it was rebranded in 2002).
Sky launched a streaming service called Now T.V. in 2012, which offers live streaming of Sky Sports and other channels and on-demand content. In 2016 Now, T.V. had 1.8 million subscribers. Sky’s revenue fell to 1.4 billion British pounds in 2020, down roughly one hundred million British pounds from the past fiscal year. With 2.2 billion British pounds in income in 2019, the British Sky Broadcasting Group had its best year.
Altice USA Inc.
Altice USA is a subsidiary of Altice NV, a Netherlands-based telecommunications company. Following Altice’s merger with Cablevision in 2016, the firm was founded. It is active in the US, France, Portugal, and Israel.
The company provides voice, video, and internet access services to residential customers under the Optimum brand name. AS well as data, voice, and fibre broadband services under the Suddenlink Communications brand name. Also, residential cable television services under the Optimum brand name. In Fiscal Year 2021, net profit to investors was $990.3 million, or $2.14 per share, as opposed to $436.2 million, or $0.75 per percentage, in F.Y. 2020.
Here is a list of 10 Comcast competitors who provide T.V. and the Internet. Although Comcast is a very large provider, many other companies also have wireless or T.V. access. There are many different options available to you as a customer if you’re not satisfied with your current service, making it easier to switch around and find the right option for you.