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Technology Stocks : IDT *(idtc) following this new issue?*

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From: carreraspyder5/26/2004 8:18:55 AM
   of 30916
 
Comcast may get into Web phones

money.cnn.com

Report: No. 1 cable operator to offer voice-over-Internet to 40 million of its subscribers by 2006.

May 26, 2004: 6:51 AM EDT

NEW YORK (Reuters) - Comcast Corp., the largest U.S. cable television operator, plans to offer a phone service to about 40 million households by the end of 2006, according to a published report Wednesday.

Comcast (CMCSK: Research, Estimates) executives told the Wall Street Journal they are moving ahead with plans for a national rollout and will introduce phone service that uses the Internet to transmit calls -- a method called voice over Internet protocol, or VOIP.

Comcast will test VOIP in three markets this year and has plans to offer its phone service to half of the households reached by its cable systems by the end of 2005 and to all 40 million of them by the end of 2006, the paper reported, citing company executives.

"We're hopeful voice telephony will allow our industry yet again to have another growth product," Comcast Chief Executive Brian Roberts told the Journal.

Comcast inherited about 1.2 million telephone subscribers when it bought AT&T Corp. (T: Research, Estimates)'s cable operation in 2002, according to the paper.
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