General Electric Co expects to return about $18 billion to shareholders through share buybacks and dividend payments as a result of its deal to sell its remaining stake in NBC Universal to Comcast Corp, Chief Executive Jeff Immelt said on Wednesday.

The largest U.S. conglomerate will pay about $3.2 billion in cash taxes on the proceeds of the deal, which it expects to close next month, GE officials told investors on a conference call.

(Reporting By Scott Malone; Editing by Gerald E. McCormick)