By Aditya Soni and Anhata Rooprai June 29 (Reuters) - Comcast will split into two publicly traded companies through a spinoff of NBCUniversal and Sky, separating its cash-generating broadband arm from a media and entertainment business under pressure from streaming rivals and industry consolidation.

In announcing Monday that Comcast will separate from NBCUniversal, the telecom giant signaled to investors that the split will leave it better positioned to focus on its core business: connecting peop...