Comcast Corporation today will participate in the Credit Suisse First Boston Media Week Conference in New York City. During the conference, John R. Alchin, Executive Vice President and Treasurer of Comcast Corporation, and David N. Watson, Executive Vice President of Sales, Marketing and Customer Service of Comcast Cable Communications, will highlight the company's strong balance sheet and free cash flow generation capability and detail Comcast's integration plans for the newly acquired AT&T Broadband cable systems.
An important aspect of Comcast's integration plan is the rapid upgrade of the AT&T Broadband cable systems. Comcast plans to invest $2.0 to $2.5 billion over the next two years to complete the upgrade of AT&T Broadband cable systems, which will drive the availability of advanced services like Comcast Digital Cable and High-Speed Internet services in those markets. Comcast estimates total cable capital expenditures for the combined Comcast and AT&T Broadband cable systems will be $4.2 to $4.5 billion in 2003.
A live webcast of the presentation will be available on the Company's Investor Relations website at http://www.cmcsk.com/ at 12 p.m. (EST). An on-demand replay of the presentation will be available via the Internet within 24 hours on the Company's Investor Relations website.
This press release contains forward-looking statements. Readers are cautioned that such forward-looking statements involve risks and uncertainties that could significantly affect actual results from those expressed in any such forward-looking statements. Readers are directed to Comcast's Reports filed under the Securities Exchange Act of 1934, including the most recently filed report, Quarterly Report on Form 10-Q, for a description of such risks and uncertainties.
Comcast Corporation (http://www.comcast.com/) is principally involved in the development, management and operation of broadband cable networks, and in the provision of electronic commerce and programming content. Comcast Cable is the largest cable company in the United States serving more than 21 million cable subscribers. Comcast's commerce and content businesses include majority ownership of QVC, Comcast-Spectacor, Comcast SportsNet, The Golf Channel, Outdoor Life Network, G4, a controlling interest in E! Entertainment Television and Style, and other programming investments. Comcast's Class A and Class A Special Common Stock are traded on The Nasdaq Stock Market under the symbols CMCSA and CMCSK, respectively.
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CONTACT: Kelley L. Claypool, +1-215-981-7729, or Daniel J. Goodwin, +1-215-981-7518, both Directors, Investor Relations of Comcast
Web site: http://www.comcast.com/ http://www.cmcsk.com/

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