Broadband Subscriptions Drop 51%; Cable Sells More than Phone Co's
Broadband subscriptions dropped 51% since last year, according to data released by Leichtman Research Group. Only 887,000 subscribers were added to a group of companies comprising 94% of the market. Cable companies accounted for 670,000 of those additional subscriptions.
The numbers also seem to support research from the University of Minnesota suggesting that internet traffic growth claims by the cable companies and other internet service providers are largely overblown.
There are now 65.1 million broadband subscriptions among this group of companies. Cable enjoys 35.1 million of the subscriptions, while the phone companies have over 29.7 million of them.
Here’s the breakdown among the top cable and phone companies:
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