10:50 AM -- Comcast Corp. (Nasdaq: CMCSA, CMCSK) isn't about to discount any of the competition it's facing from the sky or on the ground, but it's being fairly clear about which foe is chapping the MSO's hide the most these days: AT&T Inc. (NYSE: T).
"We're actually seeing more competition from AT&T than Verizon right now, and that was the exact opposite a year ago," Comcast Corp. COO and cable division president Steve Burke said yesterday in response to an analyst question during the earnings call. (See Comcast IDs First DTA Market and Comcast Reports Q3.)
And service availability, not necessarily technical prowess, is what appears to be the most concerning to the nation's largest cable operator.
"AT&T has a so much broader footprint that we actually think they're having a greater effect on our business than Verizon. Clearly we've seen a shift of late where AT&T is proving to be a more formidable competitor than they were," Burke said.
Still, that didn't stop Burke from taking a jab at his biggest telco foes, noting that Comcast is still grabbing more phone and data subs from them then they are scooping from Comcast's video till. "In the third quarter we gained more high-speed Internet customers than AT&T and Verizon combined." (See Comcast Brings Home the Bacon.)
— Jeff Baumgartner, Site Editor, Cable Digital News