Growing Comcast Cuts Capex

Benefiting from customer upgrades to digital and advanced video services, plus continued growth in high-speed Internet services, U.S. cable company Comcast said that its revenue increased 5% year-on-year in the first quarter of 2009 to 8.8 billion US dollars. Operating cash flow increased 8% to 3.4 billion dollars as Comcast cut back on capital spending by 19% to 1.2 billion dollars. source: Comcast statement