Why Charter Reported Broadband Subscriber Gains in 2Q17
CHTR’s broadband subscriber acquisitions in 2Q17
The cable TV industry’s market share of US broadband customers continued to rise in 2Q17, with Comcast (CMCSA) and Charter Communications (CHTR) adding the most broadband customers in 2Q17, given their faster speeds.
In 2Q17, Charter’s net broadband additions were 231,000 subscribers. As of 2Q17, its Internet customers grew ~6.6% YoY (year-over-year) to reach 22.0 million, and it’s now the second-largest US cable company, after Comcast.
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According to DSLReports, Charter has benefited from the refusal of CenturyLink (CTL), Windstream (WIN), AT&T (T), Verizon Communications (VZ), and Frontier Communications (FTR) to upgrade their networks at any real scale. Left without a choice, users are thus opting for cable broadband operators for next-generation broadband speeds.
The US Internet market
At the end of 2Q17, Comcast’s Internet customer base remained the largest in the US at 25.3 million broadband customers. After Charter, the third-largest Internet subscriber base belonged to AT&T, which had 14.3 million broadband customers. Verizon has the fourth-largest Internet customer base in the US at 7.0 million broadband customers.