Cable, Wireline Having Decade-High Broadband Subscriber Adds: LRG

The largest cable and wireline U.S. phone providers gained 890,000 net additional broadband internet subscribers in Q2, the most of any June quarter in a decade, reported Leichtman Research Group Wednesday. Top broadband providers now have 107.4 million subscribers: 74.7 million for cable companies and 32.7 million for wireline phone companies, said LRG. CenturyLink/Lumen (62,000), Frontier (22,000) and Consolidated (4,522) had subscriber losses in the quarter vs. gains by Comcast (354,000), Charter (400,000), Cox (50,000), AT&T (46,000) and Verizon (70,000). Top broadband providers added 8 million subscribers over the past two years, including about 4.3 million net adds over the past year, said Principal Analyst Bruce Leichtman.