US broadband growth slows to a trickle with only 260,000 new connections

US broadband is growing – albeit much more slowly according to data collected by Leichtman Research Group, a market research company. During the second quarter of 2012, US added 260,000 broadband subscribers, down sharply from 350,000 broadband subscribers added during the second quarter of 2011. According to Leichtman, “the net broadband additions in the quarter were the fewest of any quarter in the eleven years LRG has been tracking the industry.”

As we have previously reported – the decline of traditional DSL has created problems for phone companies, who are losing customers to cable broadband providers. Here are some other insights from the data they collected.

  • Top cable companies added about 330,000 subscribers. In the second quarter of 2011, they had added 271,000 new subscribers.
  • The top telephone companies lost about 70,000 subscribers versus a gain of about 80,000 in 2Q 2011. AT&T (s T) and Verizon (s VZ) had fewer net broadband adds in Q2 2012 than in any previous quarter in the past eleven years
  • AT&T and Verizon added 669,000 fiber subscribers in the quarter (via U-verse and FiOS) and had a net loss of 763,000 DSL subscribers.
  • Comcast (s CMCSA) now has 18.74 million broadband subscribers, making it the biggest broadband provider in the US.