LRG: Comcast, Charter, Verizon led broadband subscriber growth in Q3 2013

Broadband subscriber growth slowed in the third quarter, with 17 of the largest cable operators and telcos gaining about 520,000 net high-speed Internet subscribers, a decrease of about 10 percent compared to Q3 2012, Leichtman Research Group said Tuesday.

Comcast (Nasdaq: CMCSA) led cable operators in net high-speed Internet subscriber additions, gaining 297,000. It was followed by Charter Communications (Nasdaq: CHTR), which posted 98,000 net subscriber additions; Suddenlink (21,900); and WideOpenWest (16,000).

Time Warner Cable (NYSE: TWC), which lost both pay TV and broadband subscribers during its dispute with CBS Corp. (NYSE: CBS), lost 9,000 broadband subscribers in Q3, including customers signed by its commercial division, LRG said.

While telcos continue to grow fiber-based broadband subscribers, losses from their DSL businesses have impacted growth. Verizon (NYSE: VZ) led telcos in broadband subscriber net additions in Q3, picking up 56,000, LRG said. It was followed by CenturyLink (NYSE: CTL), which gained 33,000, and Frontier, which had 26,500 net subscriber additions.

"With top providers now having over 83.6 million subscribers, the broadband industry continues to grow, but at a slightly slower pace than a year ago," LRG President Bruce Leichtman said.

For  more:
- see the release

Special Report: Cable in the third quarter of 2013

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