Comcast (NASDAQ:CMCSA) announced plans to invest nearly $100 million in network expansion projects across its Greater Chicago Region over the next three years, including a project to add fiber-optic and coaxial cable across a section of downtown Chicago spanning the Central, East, North and West Loop and River North and River West.
The project marks the largest single concentrated fiber expansion Comcast has ever undertaken in the Chicago region. The network expansion is intended to add capacity, support advanced services and give the company the ability to bring new customers online more quickly.
"Chicago is the largest metropolitan area Comcast serves. We live, work and provide service here, so these projects are more than just good business. They're an investment in the region's economic future - a future we all share," said John Crowley, Comcast's GCR senior vice president.
Over the last 20 years, Comcast has built about 11,000 miles of fiber across the Chicago area. The company plans to announce additional projects this year.