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Telcos Routed: DSL Customers Fleeing to Cable Broadband
Posted Aug 04, 2008 09:40am EDT by Dan Frommer in Telecom, Products and Trends
From Silicon Alley Insider, August 4, 2008:
Verizon and AT&T can't build out their next-generation, fiberoptic networks fast enough: While they spend a fortune upgrading their pipes to offer faster Internet access and digital TV service, little by little, the cable industry is sucking their DSL subscribers away.
As cable and telcos report Q2 results, one trend is clear: Cable companies are taking the majority of new broadband subscribers. So far, 69% of 476,000 total Q2 net broadband subscriber additions have gone to two cable companies -- Comcast (CMCSA) and Cablevision (CVC). And just 31% have gone to five phone companies, including the two biggest -- AT&T (T) and Verizon (VZ), whose results were both boosted by sign-ups to their new, faster, fiber-based services.
Why the shift? We think consumers are increasingly willing to pay a little more -- cable Internet is about $6 more a month than DSL, according to Pew -- for significantly faster download speeds, as bandwidth-intensive stuff like video streaming catches on. During its Q2 call, Comcast said that two-thirds of its new broadband subscribers were coming from DSL.
We've created a spreadsheet so you can watch the share shift happen live. We'll update it daily as companies report Q2 results; check here for the latest.
Several companies still haven't reported, such as Time Warner Cable (TWC), Charter (CHTR), and Qwest (Q). But Wall Street expects cable to continue its rout: Bernstein's Craig Moffett thinks that once it's all done, cable will have gotten 85%-90% of broadband net additions for the quarter.
23 Comments
- Tuesday August 05, 2008 05:34PM EDT
This article is some sort of propaganda, I think, maybe from Comcast. I just switched from Comcast to AT&T since T offers about double the # of TV channels for same price. This is uverse and the signal is through cable. INternet speeds seems to be OK for my needs.
J.L.S - Tuesday August 05, 2008 06:09PM EDT
i have been getting DSL through a small town local service, i am getting ripped off in price with all the promotion and introductions going on now . you would think they would lower their price in order to keep their existing customers rather than loose what they already have , makes sense to me.
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Kyle - Monday August 04, 2008 09:05PM EDT
LOL @ QWEST you screwed my cell phone so i canceled everything and went to comcast. I hope Qwhack goes under. bunch of punks.