Comcast eyes big businesses to offset TV-subscription loss

New York

COMCAST Corp has begun selling high-speed Internet and phone service to large businesses, hoping to offset the decline of cable-TV subscribers by entering a market dominated by AT&T Inc and Verizon Communications Inc.

The biggest US cable company has signed up about 40 customers so far, including several Fortune 1000 firms in the banking, retail and hospitality industries. Comcast didn't disclose customer names, but said one of its largest contracts generates about US$350,000 per month in revenue.