Comcast to Invest $80 Million Dollars in Bay Area

Comcast to Invest $80 Million Dollars in Bay Area

Since coming to the Bay Area, Comcast investment totals $663 Million

SAN RAMON, Calif., Dec. 27 /PRNewswire/ -- On the eve of the New Year, Comcast, the Bay Area's leading provider of cable, entertainment and communications products and services, today announced plans to invest an additional $80 million dollars to turbo-charge the existing network infrastructure in eight Bay Area communities.

More than a quarter-million homes in Los Gatos, Milpitas, Saratoga, Santa Rosa, Hayward, San Leandro, Sunnyvale and Half Moon Bay will have their broadband network improved using the latest state-of-the-art 1 GHz technology. Over the next eighteen months, Comcast will be working with local city officials on our plans and notifying customers as we rollout out the most up- to-date broadband technology in their specific neighborhoods.

"An investment of this magnitude is further evidence of Comcast's commitment to our Bay Area customers and community," said Rick Germano, Regional Senior Vice President, Comcast.

"When Comcast arrived in the Bay Area we promised to create a company that Bay Area residents could look to first for the communications products and services that connect them to what's important in their lives. This investment in turbo-charging the network which serves these cities is further proof of our steadfastness in honoring our pledge."

Over the next eighteen months the company will be laying over 2,200 miles of fiber-optic cable, (long enough to cover the distance from San Francisco to Chicago), in expanding a network that is scalable, reliable and highly integrated while continuing to provide our customers more convenience, choices and content. Upon completion of the project, customers in these eight cities will have access to more channels, video-on-demand, Comcast Digital Voice and the company's highly desired "Triple Play" which provides the entire suite of telecommunications services for one low monthly price.

Since Comcast acquired the 128 cable franchises in the Bay Area from AT&T, the company will have invested over $663 million dollars in improving California's infrastructure.

Each year, Comcast has continued to expand and enhance its products and services to better serve our customers needs. In 2006, Comcast products and services included:

Comcast Triple Play:

Offering customers convenience and the best deal for video, voice and online for $33 each-great products for unbeatable price.

Comcast On Demand:

Provides Comcast Digital Cable customers more control than ever before to watch their favorite shows on their own schedule. Video-on-demand offers customers approximately 4,000 programs including movies, music, sports, news, instructional and entertainment programming and more selections available 24 hours 7 days a week. About 95% of the content is available at no additional charge.

Comcast PowerBoost:
Increasing our customers broadband performance, for no additional charge.

Comcast commitment and investment in the Bay Area community continued in 2006.

-- Hiring more than 581 new employees.
-- As part of our Comcast Cares Day, more than 3,000 employees, family
and friends volunteered at 18 Bay Area schools-creating safer,
cleaner and better environments for our children to learn and
prosper.
-- Through our Leaders and Achievers Program we invested $180,000 in
scholarships for Bay Area high school students to continue their
education.
-- Each year through the Cable in the Classroom program, Comcast
donates more than $1.2 million worth of video and High-Speed
Internet services to schools in California.
-- Partnered with community organizations, schools and libraries on
various initiatives ranging from literacy to youth programs.

About Comcast

Comcast Corporation (NASDAQ:CMCSA)(NASDAQ:CMCSK) (http://www.comcast.com/ ) is the nation's leading provider of cable, entertainment and communications products and services. With 24.1 million cable customers, 11 million high- speed Internet customers, and 2.1 million voice customers, Comcast is principally involved in the development, management and operation of broadband cable systems and in the delivery of programming content.

Comcast's content networks and investments include E! Entertainment Television, Style Network, The Golf Channel, Versus, G4, AZN Television, PBS KIDS Sprout, TV One and four regional Comcast SportsNets. Comcast also has a majority ownership in Comcast Spectacor, whose major holdings include the Philadelphia Flyers NHL hockey team, the Philadelphia 76ers NBA basketball team and two large multi-purpose arenas in Philadelphia.

Source: Comcast Corporation

CONTACT: Lorena Hernandez, +1-415-315-1182, or cell, +1-925-766-4758, or
Lorena_Hernandez@cable.comcast.com

Web site: http://www.comcast.com/

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