Cable giant Comcast (NASDAQ:CMCSA, news, filings) is apparently buying New Global Telecom (NGT). While there has been no formal announcement, there is a memo circulating at Comcast about the purchase. Terms are of course not available, but it's safe to say that for Comcast this purchase is small relative to its overall bulk. However, strategically it could be of much greater importance, as they are not buying customers but rather technology.
NGT provides wholesale VoIP services targeted at business users. In the hands of Comcast, NGT is yet another arrow in its quiver that it will use to address the enterprise market. While Comcast's consumer voice offerings are well developed, their business voice services are at an earlier stage. NGT's hosted PBX and other business services will allow them to quickly offer a much more sophisticated set of next generation services to the small and medium enterprise customers acrosss their footprint.
In October, Comcast purchased Cimco, a Chicago CLEC serving some 2300 business customers. But that was clearly not the end of the story, and frankly neither is the purchase of NGT. As we saw in the consumer VoIP market, Comcast moves slowly but with great inertia - and in 2010 they seem to be ready to move.
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