US: 1.2m add broadband in Q1

Leichtman Research Group has found that the seventeen largest cable and telephone providers in the US – representing about 93 per cent of the market — acquired nearly 1.2 million net additional high-speed Internet subscribers in the first quarter of 2014. These top broadband providers now account for over 85.5 million subscribers – with top cable companies having 50.3 million broadband subscribers, and top telephone companies having over 35.2 million subscribers.

Other broadband findings for the quarter include:
– Overall, broadband additions in Q1 2014 amounted to 105 per cent of those in 1Q 2013
– The top cable companies accounted for 83 per cent of the net broadband additions for the quarter versus the top telephone companies
– The top cable companies added about 970,000 subscribers, representing 121 per cent of the net additions for the top cable companies in 1Q 2013
– The top telephone companies added about 200,000 subscribers, 64 per cent of the total net additions for the top telephone companies in 1Q 2013
– AT&T and Verizon added 732,000 subscribers via U-verse and FiOS in 1Q 2014, while having a net loss of 638,000 DSL subscribers. U-verse and FiOS broadband subscribers now account for 49 per cent of Telco broadband subscribers — compared to 40 per cent a year ago
– The top cable broadband providers have a 59 per cent share of the market versus Telcos, with about 15.1 million more subscribers than the top telephone companies — compared to 13.1 million more a year ago

“With nearly 1.2 million net additions in the first quarter of 2014, broadband providers had their best quarter in two years,” said Bruce Leichtman, president and principal analyst for Leichtman Research Group, Inc. “If recent history is an indicator, however, gains will be slower over the next couple of quarters. In each of the past four years, net adds in the first quarter were greater than in the second and third quarters combined.”

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