Cable Outdoes Phone For New Broadband Connections

Cable Outdoes Phone For New Broadband Connections

According to the Leichtman Research Group, the twenty largest cable and telephone providers in the US, representing about 94% of the market, acquired 887,000 net additional high-speed Internet subscribers in the second quarter of 2008.  These top broadband providers now account for 65.1 million subscribers, with cable companies having 35.3 million broadband subscribers, and telephone companies having over 29.7 million subscribers.

Other broadband findings for the quarter include:

  • The top cable companies added over 670,000 subscribers, representing 76% of the net broadband additions for the quarter versus the top telephone companies
  • Overall, broadband additions in 2Q 2008 amounted to 51% of those in 2Q 2007, with cable having 85% as many additions as a year ago, and Telcos 23%
  • The top cable broadband providers have a 54% share of the overall market, with a 5.6 million subscriber advantage over the top telephone companies

 Bruce Leichtman, President, Leichtman Research Group, says "Net broadband additions in the quarter were the fewest of any quarter in the seven years LRG has been tracking the industry... the decline in additions was exacerbated by Verizon and AT&T's emphasis on selling higher speed FiOS and U-verse bundled services... "

Broadband Internet

Subscribers at end of  2Q 2008

Net Adds in 2Q 2008

Cable Companies

Comcast

14,357,000

279,000

Time Warner

8,125,000

201,000

Cox*

3,885,000

40,000

Charter

2,787,300

19,300

Cablevision

2,395,000

52,000

Mediacom

702,000

14,000

Insight

424,600

12,400

Cable ONE

361,269

4,726

RCN

295,000

4,000

Other major private cable companies**

2,000,000

45,000

Total Top Cable

35,332,169

671,426

Telephone Companies

AT&T

14,693,000

46,000

Verizon

8,330,000

54,000

Qwest

2,732,000

31,000

Embarq

1,364,000

24,000

Windstream

934,300

23,300

CenturyTel

607,000

21,000

Frontier

559,300

16,280

FairPoint

294,412

(1,166)

Cincinnati Bell

229,000

1,100

Total Top Telephone Companies

29,743,102

215,514

Total Broadband

65,075,184

886,940

Sources:  The Companies and Leichtman Research Group, Inc.

* LRG estimate

** Includes LRG estimates for Bright House Networks and Suddenlink  

For more information about LRG, please visit here.

Recommend