Turns out many Americans are not just ditching their landlines, but also the broadband service that comes over those same copper wires, in favor of higher speeds offered by cable providers.
The Associated Press reported late Monday that new data from the quarterly earnings of phone and cable companies indicates that the eight largest American phone companies collectively lost 70,000 DSL subscribers between April and June 2012 (the second quarter). The company hit the worst, AT&T, lost 96,000—while the other seven on average added a few thousand each. During that same period, the top four public cable ISPs, including industry giant Comcast, reported a gain of 290,000 subscribers during the same period.
This marks the first time that broadband companies have seen a net loss in broadband subscribers, which means that the de facto monopoly of the cable incumbent is here to stay.
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