Top Cable MSOs Add 1M Broadband Subs in Q1, Telcos Lose 45K

In Q1, the number of U.S. broadband subs surpassed the number of pay TV subs, LRG says
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U.S. cable operators again dominated the broadband landscape in Q1 2017, as the top MSOs added about 1 million subs, while the top telcos lost about 45,000 in the period, compared to a year ago gain of 10,000, according to new data from Leichtman Research Group.

LRG, basing its findings on the 14 largest MSOs and telcos in the U.S., representing 95% of the market, said the combined sector added 960,000 broadband subs in Q1, representing 85% of those added in the year-ago quarter. In Q1, 90% of the net broadband sub adds came way of the nation’s top MSOs, LRG said.

The largest U.S.  broadband providers now account for 93.9 million subscribers – 59.4 million from the largest cable companies, and 34.5 among the biggest telcos.

LRG said the top telcos, which continue to shed DSL customers, have had net broadband losses in seven of the past eight quarters.

Over the past year, there were about 2.53 million net broadband adds, down from 3.03 million over the prior year.

“With the addition of nearly one million subscribers in the quarter, the top cable and Telco broadband providers in the US cumulatively now account for over 93.9 million subscribers in the US,” Bruce Leichtman, president and principal analyst for LRG, said in a statement. “In the first quarter of 2017, the number of broadband subscribers surpassed the number of pay-TV subscribers in the US.”