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Comcast Shares Slide After CFO Says Broadband Losses Will Persist

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Comcast shares fell after CFO Jason Armstrong said it expects no improvement in broadband subscriber losses this quarter, citing rivals’ aggressive pricing for gigabit speeds. Armstrong noted Spectrum advertises $60 for a year, Optimum cuts to $25, and Verizon pushes $30 but charges $80 for gigabit, while Comcast promotes Xfinity at $50. He called the price levels irrational.

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