Findings from research and analysis firm Leichtman Research Group (LRG) indicate that the largest cable and telephone providers in the US – representing about 96 per cent of the market – acquired about 1,165,000 net additional broadband Internet subscribers in Q1 2020, compared to a pro forma gain of about 955,000 subscribers in Q1 2019.
These top broadband providers now account for about 102.4 million subscribers, with top cable companies having 69.2 million broadband subscribers, and top wireline phone companies having 33.2 million subscribers.
Findings for the quarter include:
“With the onset of the coronavirus pandemic, there were more quarterly net broadband additions in Q1 2020 than in any quarter in five years,” said Bruce Leichtman, president and principal analyst for Leichtman Research Group, Inc. “Top cable companies performed particularly well, having the most net additions for cable broadband services in any quarter in thirteen years.”
|Broadband Providers||Subscribers at end of Q1 2020||Net Adds in Q1 2020|
|Total Top Cable||69,216,233||1,231,970|
|Wireline Phone Companies|
|Total Top Telco||33,184,925||(65,440)|
|Total Top Broadband||102,401,158||1,166,530|
Sources: The Companies and Leichtman Research Group, Inc.
* Charter’s Q1 2020 results include about 120,000 net adds with 60-day free service related to the impact of COVID-19
** LRG estimate
^ TDS includes 263,200 wireline broadband subscribers, and 196,800 cable broadband subscribers
Company subscriber counts may not solely represent residential households
Top cable and telephone companies represent approximately 96 per cent of all subscribers
Net additions reflect pro forma results from system sales and acquisitions, reporting adjustments, and the addition of new providers to the list – therefore, comparing totals in this release to prior releases will not produce accurate findings