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TheStreet Open House

Comcast Business Awarded General Services Administration Schedule 70 Contract

Stocks in this article: CMCSACMCSK

Comcast Business today announced that it was awarded a Schedule 70 contract with the General Services Administration (GSA), which enables the Company to sell directly to federal, state and local government customers. The initial Schedule 70 applies to Comcast Business Ethernet services. In the future, Comcast plans to expand the Schedule to also include its full voice product suite, as well as its Business Internet and Business TV offerings.

“Our work with federal, state and local government customers has shown us that bandwidth usage in government agencies is rapidly increasing as technology and constituent programs demand it,” said Kevin Carney, executive director of Government, Comcast Business. “Now, federal government agencies can more easily turn to Comcast Business and our Ethernet services for secure, reliable, high-performance connectivity in many regions, including the Washington, D.C. area and other key federal markets.”

Built on an advanced network that is owned, operated and serviced directly by the Company, Comcast Business Ethernet delivers bandwidth levels ranging from 1 Megabit per second (Mbps) up to 10 Gigabits per second (Gbps) over a 100Gbps backbone network. Comcast Business Ethernet enables organizations to upgrade from legacy technologies such as T1 lines, Frame Relay and ATM to improve their wide area network (WAN) performance to address increasing bandwidth requirements for cloud computing, business continuity, software-as-a-service (SaaS) and other applications.

Recently, Comcast Business was named the fastest growing Ethernet provider in the Vertical Systems Group 2013 U.S. Carrier Ethernet LEADERBOARD. Comcast Business was also named the Metro Ethernet Forum's (MEF) Service Provider of the Year in its 2013 Carrier Ethernet Awards for North America. In addition, the MEF announced last year that Comcast Business was the first service provider in the world to achieve MEF CE 2.0 Certification.

Schedule 70 is a long-term Information Technology (IT) contract issued by the U.S. General Services Administration (GSA) to a commercial technology vendor. The award of a Schedule 70 contract means that the GSA has determined that a vendor's pricing is fair and reasonable and that the vendor complies with all applicable laws and regulations.

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