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About 260,000 Add Broadband in the Second Quarter of 2012

Net Broadband Additions Fewer Than in any Previous Quarter

Durham, NH -- August 14, 2012 -- Leichtman Research Group, Inc. (LRG) found that the seventeen largest cable and telephone providers in the US -- representing about 93% of the market -- acquired about 260,000 net additional high-speed Internet subscribers in the second quarter of 2012. Net broadband additions in the quarter were the fewest of any quarter in the eleven years LRG has been tracking the industry.

Other broadband findings for the quarter include:

  • Overall, broadband additions in 2Q 2012 amounted to 71% of those in 2Q 2011
  • The top cable companies added about 330,000 subscribers, representing 118% as many additions as in 2Q 2011
  • The top telephone companies lost about 70,000 subscribers -- compared to a gain of about 80,000 in 2Q 2011
  • AT&T and Verizon added 669,000 fiber subscribers in the quarter (via U-verse and FiOS), while having a net loss of 763,000 DSL subscribers
  • Both AT&T and Verizon had fewer net broadband adds in Q2 2012 than in any previous quarter in the past eleven years
  • The top cable broadband providers have a 57% share of the overall market, with nearly 11 million more subscribers than the top telephone companies -- compared to about 9 million at this time a year ago

"The seasonally weak second quarter again proved to be a slow quarter for industry growth. Net broadband additions in 2Q 2012 were over one million less than in 1Q 2011, and about 100,000 fewer than in last year's second quarter, making 2Q 2012 the weakest on record," said Bruce Leichtman, president and principal analyst for Leichtman Research Group, Inc. "Yet, over the past year, the top broadband providers have added nearly three million subscribers, with cable providers accounting for 83% of the net additions."

Broadband Internet Provider Subscribers at End of 2Q 2012 Net Adds in 2Q 2012
Cable Companies
Comcast 18,738,000 156,000
Time Warner 11,208,000 72,000
Cox* 4,555,000 25,000
Charter 3,839,000 37,000
Cablevision 3,032,000 25,000
Suddenlink 979,400 (3,200)
Mediacom 894,000 7,000
Cable ONE 462,426 (1,017)
Other Major Private Cable Companies** 1,951,000 10,000
Total Top Cable 45,658,826 327,783
Telephone Companies
AT&T 16,434,000 (96,000)
Verizon 8,776,000 2,000
CenturyLink^ 5,763,000 18,000
Frontier^^ 1,751,000 5,000
Windstream 1,361,600 (2,200)
FairPoint 320,812 2,302
Cincinnati Bell 257,600 400
Total Top Telephone Companies 34,664,012 (70,498)
Total Broadband 80,332,838 257,285
Sources: The Companies and Leichtman Research Group, Inc.
* LRG estimate
** Includes LRG estimates for Bright House Networks, and RCN
^ CenturyLink modified broadband reporting to include wholesale subscribers
^^ LRG estimate, does not include wireless subscribers
Company subscriber counts may not represent solely residential households
Totals reflect pro forma results from system sales and acquisitions
Top cable and telephone companies represent approximately 93% of all subscribers

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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