By: Gigaom
US broadband growth slows to a trickle with only 260,000 new connections
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.

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 and Verizon 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 now has 18.74 million broadband subscribers, making it the biggest broadband provider in the US.


Related Stocks:
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here