2.2 Million Add High-Speed Internet in the First Quarter of 2008
Cable Adds More Broadband Subscribers than the Telcos for the First Time Since 3Q 2004
Durham, NH May 15, 2008 Leichtman Research Group, Inc. (LRG) found that the nineteen largest cable and telephone providers in the US representing about 94% of the market acquired 2.2 million net additional high-speed Internet subscribers in the first quarter of 2008. The top broadband providers now account for 64.1 million subscribers with cable companies having about 34.7 million broadband subscribers, and telephone companies having about 29.5 million subscribers.
Other broadband findings for the quarter include:
- The top cable companies added 1.2 million subscribers, representing 54% of the net broadband additions for the quarter versus the top telephone companies
- This is the first quarter since 3Q 2004 that cable added more broadband subscribers than telephone providers
- Overall, broadband additions in 1Q 2008 amounted to 75% of those in 1Q 2007 with cable having 84% as many additions as a year ago, and Telcos 67%
- The top cable broadband providers now have a 54% share of the overall market, with a 5.2 million subscriber advantage over the telephone companies
Sources: The Companies and Leichtman Research Group, Inc.
|Broadband Internet Provider
||Subscribers at End of 1Q 2008
||Net Adds in 1Q 2008
|Other Major Private Cable Companies**
|Total Top Cable
|Total Top Telephone Companies
* LRG estimate
** Includes LRG estimates for BrightHouse Networks, Suddenlink, and Insight
^ Includes properties acquired by FairPoint Communications on the last day of the quarter
Totals reflect pro forma results from system sales and acquisitions
Top cable and telephone companies represent approximately 94% of all subscribers
Company subscriber counts may not represent solely residential households
The first quarter of 2008 marked this first time in three and a half years that cable companies added more broadband subscribers than telephone companies, said Bruce Leichtman, president and principal analyst for Leichtman Research Group, Inc. With telephone companies generally curtailing prior aggressive price-based offers to woo subscribers, the Telcos added about two-thirds as many broadband subscribers as a year ago.
About Leichtman Research Group, Inc.
Leichtman Research Group, Inc. (LRG) specializes in research and analysis on broadband, media and entertainment industries. LRG combines on-going surveys and analysis with years of hands-on industry experience to provide companies with a richer understanding of the potential impact and adoption of new products and services. For more information about LRG, please call (603) 397-5400 or visit www.LeichtmanResearch.com.
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