Leichtman Research Group: About 190K net additional high-speed Internet subscribers in 2Q 2016

Leichtman Research Group, Inc. (LRG) found that the 14 largest cable and telephone providers in the US — representing about 95% of the market — acquired about 190,000 net additional high-speed Internet subscribers in 2Q 2016. These top broadband providers now account for 91.9 million subscribers — with top cable companies having 57.0 million broadband subscribers, and top phone companies having 34.9 million subscribers.Other broadband findings for the quarter include:-Overall, broadband additions in 2Q 2016 were less than in any quarter in the past fifteen years (since LRG began tracking the industry) -The past seven second quarters account for the seven fewest quarterly broadband net adds over past fifteen years-The top cable companies added about 550,000 subscribers in 2Q 2016 — 139% of the net additions for the top cable companies in 2Q 2015-Cable broadband net adds were the most in any second quarter since 2008-The top phone companies lost about 360,000 broadband subscribers in 2Q 2016 — compared to a loss of about 150,000 in 2Q 2015-Telco providers have had net broadband losses in four of the past five quarters-Over the past year, there were about 3,025,000 total net broadband adds — compared to about 2,970,000 over the prior year.”While Telcos lost more broadband subscribers in 2Q 2016 than in any previous quarter, cable companies added over 550,000 subscribers in the traditionally weak second quarter. Over the past year, cable companies have added about 3.5 million broadband subscribers, while Telcos have had net losses of about 500,000 broadband subscribers,” said Bruce Leichtman, president and principal analyst for Leichtman Research Group, Inc.