(credit: Getty Images | Yuri_Arcurs)
The cable industry’s majority share of US broadband subscribers rose again last quarter, as Comcast and Charter gained nearly 500,000 subscribers, combined, while phone companies AT&T, Verizon, CenturyLink, and Frontier all lost Internet customers.
The 14 largest ISPs, accounting for 95 percent of the US market, gained 192,510 Internet customers in Q2 2016, bringing the total to 91.9 million, Leichtman Research Group reported today. Cable companies accounted for all of the gains, adding 553,293 subscribers for a new total of 57 million. The phone companies lost 360,783 subscribers, bringing them down to 34.9 million. Phone companies’ losses more than doubled since Q2 2015, when they lost about 150,000 subscribers.
“Over the past year, cable companies have added about 3.5 million broadband subscribers, while telcos have had net losses of about 500,000 broadband subscribers,” the group’s president, Bruce Leichtman, said in the press release.
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Source: Ars Technica – Cable expands broadband domination as AT&T and Verizon lose customers