LRG: Cable Industry Now has 64% Market Share of Broadband Subscribers

Cable companies were mostly up and the top telecommunications companies all were down in high-speed Internet subscriptions during the second quarter 2017. In all, the top 14 providers – companies that serve about 95 percent of the market – netted almost 230,000 new US broadband subscribers, according to an assessment by the Leichtman Research Group. “Cable companies added about 3.1 million broadband subscribers over the past year, while Telcos had net losses of about 550,000 broadband subscribers,” said Bruce Leichtman, president and principal analyst for Leichtman Research Group. “At the end of 2Q 2017, cable had a 64% market share vs. 36% for Telcos. The broadband market share for cable is now at the highest level it has been since the first quarter of 2004.” The cable industry still dominates, with 59.9 million broadband subscribers compared to the telcos’ 34.2 million.