The CEO of Comcast (CMCSA) says his venture into the VoIP business is gaining momentum. Brian Roberts projects that 20% of his customer base will subscribe to voice service by 2009, and that the service will be available to 40 million homes by the end of the year.
The telephone companies are already trying to catch-up to being able to offer voice/broadband/TV in one package, but the leader in the charge, Verizon, only has slightly more than 100,000 subscibers. And, Comcast is not alone. Time Warner Cable (TWX), Charter (CHTR), Cox, and other large cable companies are poised to take million of customers away from the land line businesses of Qwest (Q), Verizon (VZ), and AT&T (T).
Can’t get a dial tone? Call you cable company.
Douglas A. McIntyre can be reached at [email protected]. He does not own securities in companies that he writes about.
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