Comcast Expands Low-Cost Internet Access, Shares Rise
Comcast (NASDAQ:CMCSA) shares climbed nearly 2.5% on Friday after announcing expanded eligibility for its Internet Essentials program. The initiative, now available to households earning under 200% of the federal poverty level, offers affordable internet access at $14.95 per month. This includes unlimited data, free Wi-Fi equipment, and discounted laptops.
Launched in 2011, Internet Essentials aims to bridge the digital divide by providing low-income families with essential online connectivity. In an era where internet access rivals utilities like power and water, Comcast's MOVE underscores the growing necessity of digital inclusion.