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Xfinity Mobile Now Has 1.2 Million Subscribers

It looks like 2018 was a good year for Comcast's Xfinity Mobile. Earlier today, the Verizon MVNO revealed results of its Q4 2018 Earnings Call.

In a transcript acquired by Seeking Alpha, Xfinity Mobile reported that they were able to end the year with a total of 1.2 million subscriber lines. The company was able to add 227,000 new subs during the quarter and 854,000 for the whole 2018.

It's important to note that these numbers are not too far off from what analysts previously predicted. Back in 2018, Oppenheimer analysts predicted that the company would be able to increase its MVNO customer base to 1.3 million by the end of 2018. We still have to see if Xfinity Mobile remains consistent and grows its customer base to 2.3 million by the end of 2019 and 3.3 million by the end of 2020, as what the predictions say.

According to Comcast CFO Michael Cavanagh, the "EBITDA losses which are included in the Corporate and Other segment were $191 million for the fourth quarter and $743 million for the full year." 

Speaking on its MVNO relationship with Verizon, Comcast CEO Brian Roberts shares that they are pleased with the collaboration.

"I think we've hit a good stride... I think the strategy of becoming a meaningful part of some other folks' networks rather than go out and build our own-- I'm very comfortable with that... We've learned that wireless can really achieve what we thought."

As of this writing, Comcast has not unveiled its plans on what they will do with the 600 MHz spectrum it acquired in a broadcast incentive auction. Perhaps they will make some plans for the technology in the future.

Source: FierceWireless

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