MoffettNathanson Analysis: AT&T Fiber Growth Not Driving Broadband Net Adds

AT&T saw a whopping 57% growth rate in fiber-to-the-premises (FTTP) subscribers over the last year, according to a new research note about AT&T fiber subscriber growth from financial analysts at Moffett Nathanson. The company’s broadband market share hasn’t increased commensurately, however, according to the researchers. “Despite the dramatic growth at AT&T Fiber, AT&T’s broader IP broadband category has posted only modest subscriber gains over the past year,” the researchers wrote. An obvious explanation, according to the researchers, is that “AT&T’s fiber gains are simply migrations of their existing customer base from one product to another.”