Comcast to Separate NBCUniversal from Broadband Operations

Comcast will separate its NBCUniversal media and entertainment assets from its broadband operations. The company said the move will allow each business to set its own strategy and attract different investors.

Comcast completed the spin-off of its cable television networks into a standalone company named Versant several months earlier.

Executives at other firms have previously pursued similar combinations and later reversed course. Comcast stated that its broadband unit faces competition from telecommunications providers offering their own internet services. The company also noted competition from satellite-based internet providers.