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Broadband has record Q3

Thu, 11/13/2003 - 7:00pm
Jeff Baumgartner

Major U.S. cable and DSL providers added a total of more than 2 million broadband subs in a record third quarter, reports Leichtman Research Group Inc. (LRG). At the end of the period, major cable and DSL providers accounted for about 22.7 million high-speed data subs, LRG said.

Top U.S. cable MSOs, with 14.5 million subs, maintained a 64 percent share of the market. DSL, buoyed by recent price cuts, had a record quarter, adding almost 800,000 subs.

"High-speed Internet growth in the third quarter of 2003 successfully rebounded from the previous quarter's results," said Bruce Leichtman, LRG president and principal analyst, in a release. "However, the market was stimulated by nearly every major broadband provider offering aggressive discounts for new subscribers. Without these promotions, this level of growth may prove to be difficult to maintain."

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