2.4 million broadband adds in 2018, up 15% from 2017
According to the Leichtman Research Group, the largest cable and telephone providers in the United States - representing about 95% of the ...
According to the Leichtman Research Group, the largest cable and telephone providers in the United States - representing about 95% of the market - acquired about 2.4 million net additional broadband Internet subscribers in 2018, compared to a pro forma gain of about 2.1 million subscribers in 2017.
The top broadband providers now account for 98.2 million subscribers, with top cable companies having 64.3 million broadband subscribers and top telcos having 33.9 million.
Among the findings:
- Overall, broadband additions in 2018 were 115% of those in 2017.
- The top cable companies added about 2,900,000 subscribers in 2018, compared to about 2,725,000 net adds in 2017. Comcast and Charter each added more than a million broadband subscribers in 2018.
- The top telcos lost about 470,000 subscribers in 2018, compared to a net loss of about 620,000 subscribers in 2017. Telcos have had net broadband losses in each of the past four years.
- At the end of 2018, cable had a 65% market share vs. 35% for telcos. Cable's broadband market share is at the highest level since 3Q 2003.
"The top cable and telco broadband providers in the U.S. cumulatively now account for 98.2 million subscribers, and the industry is still growing," said Bruce Leichtman, president and principal analyst for LRG. "The top broadband providers added 4.5 million net broadband subscribers over the past two years, with cable companies accounting for 5.6 million net adds."