Leichtman Research Group released data on Thursday showing that the 14 largest U.S. cable and telephone providers (making up about 95 percent of the market) pulled in around 625,000 net additions of high-speed internet subs in Q3 2016. Overall, cable is edging out telcos considerably on the broadband front, according to the research. Top cable ops count 57.8 million broadband subscribers, and leading phone companies have 34.7 million, LRG reports.
LRG says that total broadband additions in the third quarter were 99 percent of those in the same quarter in 2015. The top cable companies added about 775,000 subscribers in Q3 2016, according to the research firm, while top telcos sluffed off around 150,000. The latter number is similar to the loss of about 145,000 in Q3 2015. Notably, the research underlines that phone companies have had net broadband losses in five of the past six quarters.
“While major providers now account for nearly 92.5 million broadband subscribers in the United States, the broadband market continues to expand with top cable providers driving the growth,” Bruce Leichtman, president and principal analyst at LRG, says. “Over the past year, cable companies added more than 3.5 million broadband subscribers, accounting for 118 percent of the 2.995 million net broadband additions.”
For LRG’s analysis of pay TV operators’ Q3 2016 performance, read the story here.