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About 3.5M added broadband from top providers in 2023 – Leichtman Research Group
Top providers added nearly 16 million broadband subscribers in the past four years. #pressrelease
March 7, 2024
1 Min Read
DURHAM, New Hampshire – Leichtman Research Group, Inc. (LRG) found that the largest cable and wireline phone providers and fixed wireless services in the U.S. – representing about 96% of the market – acquired about 3,520,000 net additional broadband Internet subscribers in 2023, similar to a pro forma gain of 3,530,000 subscribers in 2022.
These top broadband providers account for about 114.7 million subscribers, with top cable companies having 76.1 million broadband subscribers, top wireline phone companies having over 30.7 million subscribers, and top fixed wireless services having over 7.8 million subscribers.
Findings for the year include:
The top cable companies lost about 65,000 subscribers in 2023 – compared to about 530,000 net adds in 2022
The top wireline phone companies lost about 80,000 total broadband subscribers in 2023 – compared to about 180,000 net losses in 2022
Wireline Telcos had about 1.97 million net adds via fiber in 2023, offset by about 2.05 million non-fiber net losses
Fixed wireless/5G home Internet services from T-Mobile and Verizon added about 3,665,000 subscribers in 2023 – compared to about 3,185,000 net adds in 2022
Fixed wireless services accounted for 104% of the total net broadband additions in 2023, compared to 90% of the net adds in 2022, and 20% of the net adds in 2021
Read the full press release here.
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