Comcast tabs WorldGate in Alabama
By Susan Rush
from CED Broadband Direct, July 8, 2002
Comcast Cable Communications Inc. is looking to beef
up its digital cable portfolio in Alabama, and is turning to WorldGate
Communications Inc. to make it happen.
The MSO will deploy WorldGate's interactive television service
to its customers in Huntsville and Tuscaloosa, Ala. The service,
which will be marketed as part of Comcast Digital Cable, offers
subscribers a variety of content, including dynamically updated
weather forecasts, horoscopes, recipes, stock quotes, news, entertainment
links and sports scores. Deployment is expected to be complete
during the third quarter.
"The implementation of interactive services is an important
part of Comcast's long-term strategy to help build a strong customer
base for digital cable services," said Mark Hess, Comcast's
vice president of Digital Television.
In May, WorldGate posted first quarter revenue of $3.2 million,
a 22 percent drop from the $4.1 million reported in the first
quarter 2001. Reduced equipment sales fueled the drop, said WorldGate.
The company's quarterly net loss was $4.2 million, or 18 cents
a share. Analysts on average were expecting a loss of 24 cents
a share, according to Thomson Financial/First Call.
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