Phone Companies Grabbed Most of New Broadband Subscribers Last Quarter
According to a new study by Leichtman Research Group, the nineteen largest cable and telephone providers in the US, representing about 94% of the market acquired over 1.7 million net additional high-speed Internet subscribers in the second quarter of 2007. The top broadband providers now account for nearly 58 million subscribers, with cable companies having 31.5 million, and telephone companies over 26.4 million.
Additional key findings for the quarter include:
Total broadband additions were the fewest since the second quarter of 2004, and about 400,000 less than in the second quarter of last year
Charter was the only major broadband provider to record significantly more net broadband additions in the second quarter than a year ago
The top telephone companies added about 925,000