Comcast Has Fundraising Plans

Comcast files plans to raise an unspecified amount of cash through a securities offering.
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Comcast

(CMCSA) - Get Report

filed plans Monday to raise cash through a securities offering.

The so-called shelf filing with regulators did not specify whether the offering would be debt or stocks, nor did it indicate an amount Comcast is seeking to raise.

Comcast will use the proceeds to pay for operations and general corporate purposes, according to the filing.

The No. 1 cable company carries $32.5 billion in total debt as of the end of 2008. Of that debt, $5.3 billion is due between now and 2011..

Comcast has been cutting spending as the economy has begun to slow. It also faces strong TV competition from telcos like

Verizon

(VZ) - Get Report

and

AT&T

(T) - Get Report

, which both

posted surprisingly strong numbers

in recent days.

Comcast shares were unchanged in afterhours trading Monday.