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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) of the
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): July 7, 1999
COMCAST CORPORATION
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(Exact name of registrant as specified in its charter)
PENNSYLVANIA 000-06983 23-1709202
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(State or other jurisdiction (Commission (IRS employer
of incorporation) file number) identification no.)
1500 Market Street, Philadelphia, PA 19102-2148
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (215) 665-1700
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ITEM 5. OTHER EVENTS
On July 7, 1999, Comcast Corporation completed the sale of its indirect
wholly-owned subsidiary, Comcast Cellular Corporation ("Comcast Cellular") to
SBC Communications Inc. for $361.1 million in cash and the assumption of $1.315
billion of Comcast Cellular debt.
As of March 31, 1999, Comcast Cellular provided telephone communications
services pursuant to licenses granted by the Federal Communications Commission
to more than 862,000 subscribers in and around the City of Philadelphia, the
state of Delaware and a significant portion of the State of New Jersey.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
COMCAST CORPORATION
Dated: July 22, 1999 By: /s/ Joseph J. Euteneuer
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Vice President and Corporate Controller
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