Broadband Connects With 8.5 Million U.S. Customers In 20073/03/2008 4:46 AM Eastern
The 19 largest U.S. cable and telephone providers -- representing about 94% of the market -- acquired more than 8.5 million high-speed Internet subscribers in 2007, according to findings from Leichtman Research Group.
Annual broadband additions were down compared to the record 10.4 million in 2006, and 9.9 million in 2005, and marked the fewest since 2003, according to Leichtman Research.
The top broadband providers now account for over 61.9 million subscribers, with cable companies counting 33.5 million broadband subscribers, and telcos tallying 28.4 million subscribers.
Other key findings include:
The top telephone providers added 4.4 million broadband subscribers in 2007 – compared to 5.65 million in 2006, and 5.4 million in 2005
Cable operators added a 4.1 million broadband subscribers in 2007 – compared to 4.8 million in 2006, and 4.5 million in 2005
The top telephone providers netted 52% of the broadband additions in 2007
In the fourth quarter of 2007, cable and telephone providers scored some 1.75 million broadband subscribers, with telephone companies adding over 900,000 subscribers and cable companies around 850,000 subscribers in the quarter
“Net broadband additions in the U.S. peaked in 2006, yet there were still over 8.5 million new broadband subscribers added in 2007,” Bruce Leichtman, president and principal analyst for Leichtman Research Group, said in a statement. “The broadband market is clearly maturing, but the broadband subscriber base will continue to grow for many more years.”