LightReading

This episode of The Divide features John Horrigan, senior fellow at the Benton Institute for Broadband and Society. We discussed a new report released from Benton assessing the impact of the end of the Affordable Connectivity Program (ACP) on low-income households and the economy at large.

When it comes to cable earnings, the outlook hasn’t been exactly optimistic. Cable broadband “may decline for the foreseeable future,” Wolfe Research recently predicted, as valuation multiples for Charter and Comcast “near all-time lows.” Charter and Comcast lost 149,000 and 120,000 broadband subscribers, respectively, in the second quarter.

The Affordable Connectivity Program (ACP) came to a close at the start of June, due to a lack of funding and a failed effort in Congress to pass extended appropriations in time. But the program is not entirely dead yet. A couple of potential paths forward have reemerged in Congress.

The pace of US broadband subscriber growth slowed considerably in the first quarter of 2024 as fiber, fixed wireless access (FWA) and cable broadband service providers collectively turned in results that were worse than what they posted in the year-ago period. Total industry net additions, including or excluding FWA and geosynchronous (GEO) satellite broadband providers, decelerated noticeably in Q1 2024.

According to new figures from Rewheel, T-Mobile's purchase of Sprint in 2020 helped to keep mobile prices in the US sky high. "Five years on, the Sprint / T-Mobile 4-to-3 mobile merger made the US one of the most expensive mobile markets in the world," the Finland-based research firm wrote in a new report.