With about two-thirds of broadband subscribers in the U.S., cable’s broadband market share is at its highest level in 13 years, new data finds.
The latest quarterly stats show that cable companies now have 59.9 million broadband subscribers, having added 460,000 during the second quarter of 2017. Cable companies added about 3.1 million broadband subscribers over the past year, while telcos had net losses of about 550,000 broadband subscribers.
Why are broadband users flocking to cable and abandoning telcos? Faster speeds, upgraded equipment and evolving technology are some of the reasons cited.
Another recent report by independent internet testing group finds that both the average download and upload speed of fixed wired internet in the United States have increased over the past year. The report credits cable providers who are “making all the necessary investments and infrastructure upgrades to roll out DOCSIS 3.1 and to the increased affordability of higher tiered packages,” according to the report.
The U.S. broadband network has been built with $1.4 trillion of private capital investment. As a result, broadband networks reach nearly every corner of the nation – cable, the largest broadband provider, are available to 93 percent of U.S. homes. Learn more about broadband in the U.S.