The largest cable and telephone providers in the U.S. acquired 1.3 million new high-speed Internet subscribers in the first quarter of 2012. This group of companies–composed of seventeen of the leading domestic cable/telephone providers–now account for nearly 80 million subscribers (45.3 million for cable, 34.6 million for telephone), according to new findings uncovered by Leichtman Research. Other highlights:
- Total broadband additions in Q1 2012 surpassed those in Q1 2011, with cable seeing a dramatic increase (114% year-over year), while telcos dropped (76% year-over-year).
- The top cable companies added about 980,000 subscribers, representing 75% of the net broadband additions for the quarter compared to the top telephone companies.
- Comcast added 439,000 broadband subscribers in 1Q 2012–the most in any quarter since Q1 2008.
For more information, go to http://www.leichtmanresearch.com/press/053112release.html