Large phone and cable companies added nearly half-a-million broadband subscribers during the third quarter of 2013. The U.S. seems to be on its way to 100 million subscribers, and Comcast seems to be the big winner of the broadband sweepstakes.
Time Warner Cable saw its broadband growth slow during the three months ending June 30, 2013. And that’s not all — the company saw a huge decline in video customers as well. Oops!
Comcast is the leading broadband provider in the U.S., and the second quarter only enhanced its lead. It added 187,000 new customers and made a whopping $2.56 billion from its broadband business during the quarter ending June 30, 2013.
Time Warner Cable CEO Glenn Britt who took the job in 2001 will retire at the end of 2013 and hand over the chief executive gig to Rob Marcus. Perhaps this will open possibility of a merger with John Malone.
Internet is abuzz with news stories of pending media mergers and rumors of cable company consolidations are doing the rounds on Wall Street. Most importantly cable cowboy John Malone is back in action. Let me tell you about the “why” behind this excitement.
A resurgent housing market and stronger economy, along with our growing need for speed and connectivity is the reason why demand for US broadband is booming. Here are some numbers to give you an idea as to who is winning and who is losing.
Time Warner Cable, like some other broadband service providers, is now charging monthly rental fee for modems. That’s hardly a surprise, given the dearth of alternatives for consumers. Of course, the FCC willfully ignores the lack of a competitive market dynamic.
Second quarter of 2012 represented three good months for planet broadband, particularly for the US which saw big gains in higher broadband speeds. In addition, Japan got faster and more countries are offering more broadband to more people. But there is some bad news as well.
Broadband penetration in the U.S. is continuing to grow and is now stands at 90 percent of U.S. households that have a computer at home. With over 80.3 million broadband subscribers in the nation, computer ownership is at the heart of broadband divide.
The decline of DSL in the US has life tough for the phone companies – who in total lost 70,000 subscribers during the second quarter of 2012. Winner: cable companies in general and Comcast in specific as 260,000 new folks signed up for broadband in the US.