Broadband adds nearly double
According to the Leichtman Research Group, U.S. net broadband subscriber additions for the second quarter of 2018 were nearly double those ...
According to the Leichtman Research Group, U.S. net broadband subscriber additions for the second quarter of 2018 were nearly double those of the year-ago quarter. LRG says the largest cable and telephone providers in the United States - representing about 95% of the market - acquired about 455,000 net additional broadband Internet subscribers in 2Q 2018, compared to a pro forma gain of about 235,000 subscribers in 2Q 2017.
The top broadband providers now account for 97.1 million subscribers, with top cable companies having 62.9 million broadband subscribers and top telcos having 34.2 million.
Among the findings:
- The top cable companies added about 585,000 subscribers in 2Q 2018, compared to about 465,000 net adds in 2Q 2017.
- The top telcos lost about 130,000 subscribers in 2Q 2018, compared to a net loss of about 230,000 subscribers in 2Q 2017. Telcos have had net broadband losses in each of the past nine quarters.
- Over the past year, there were about 2,180,000 net broadband adds, compared to about 2,500,000 over the prior year.
"The broadband industry added nearly twice as many subscribers in 2Q 2018 as in last year's second quarter," said Bruce Leichtman, president and principal analyst for LRG. "This quarter marked the first year-to-year quarterly broadband increase since 2Q 2016."