US round-up: Comcast passes 20m broadband users; Leap approves AT&T takeover; FCC extends Connect America Fund

1 Nov 2013

US cable giant Comcast has announced that it added 297,000 new broadband customers in its third quarter ended 30 September 2013, taking its total number of broadband customers to 20.283 million. The growth in Comcast’s business has been solid during 2013: the company has added 917,000 broadband subscribers to date and generated around USD7.7 billion in revenue.

Leap Wireless shareholders have voted to approve AT&T’s USD1.2 billion acquisition of the company, leaving only regulatory approvals in the way of the deal’s closing. At a special shareholder meeting in Denver, Leap said that more than 99% of the votes cast were in favour of the deal.

The Federal Communications Commission (FCC) has authorised the distribution of a further USD32 million in funding to expand the Connect America Fund (CAF). The funding will be used to supply broadband access to more than 42,000 unserved homes and businesses in Puerto Rico, Hawaii and Alaska.