Phone companies grabbed most new broadband subscribers

According to a new study by Leichtman Research Group, the 19 largest cable and telephone providers in the US, representing about 94% of the market acquired over 1.7 million net additional high-speed Internet subscribers in Q2. The top broadband providers now account for nearly 58 million subscribers, with cable companies having 31.5 million, and telephone companies over 26.4 million, according to The Center for Media Research.

Additional key findings for the quarter include:
Total broadband additions were the fewest since the second quarter of 2004, and about 400,000 less than in the second quarter of last year
Charter was the only major broadband provider to record significantly more net broadband additions in the second quarter than a year ago 
The top telephone companies added about 925,000 subscribers, representing 54% of the net broadband additions for the quarter
The top cable broadband providers have a 54% share of the broadband market, with about a 5.1 million subscriber advantage over the telephone companies.

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