Study: 2002 a broadband record-setter
Domestic cable and DSL service providers ended 2002 with 17.4 million-plus broadband subs after adding a combined record 6.4 million subs during the year, Leichtman Research Group disclosed in a new report. In comparison, U.S. DSL and cable providers added 5.4 million net broadband subs in 2001.
In 2002, cable led the way with 4.3 million residential subscriber additions. DSL added 2.1 million in the same period, LRG said.
Comcast, thanks to its acquisition of AT&T Broadband, led all cable MSOs in 2002 with 1.1 million net adds. Time Warner Cable followed closely with just north of 1 million new cable modem subs during the year. On the DSL front, SBC added 866,000 high-speed subs in 2002, followed by Verizon (598,000) and BellSouth (400,500).
And the picture should only get better for broadband, if current expectations hold up. LRG forecasted that the number of broadband cable and DSL subs in the U.S. will surpass dial-up customers in 2005, growing to almost 49 million by the end of 2007.
Although broadband's future appears bright, "new challenges for growth will arise as the need to attract a more price sensitive consumer base increases," LRG President and Principal Analyst Bruce Leichtman said, in a press release.