Xfinity Mobile, owned by cable giant Comcast, has reported its first quarter earnings report. During the three month period ended in March, Xfinity Mobile lost $189 million, which is a sizeable chunk of change. At the same time, the company added 196,000 new subscribers. Comcast doesn't have to spend to build out a network, and sells its wireless service and phones from Xfinity stores already selling cable and internet. This might be a clue that Comcast is pricing Xfinity Mobile as a loss leader so that the company can push cable, internet and home phone service to its mobile subscribers.Xfinity ...
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