Comcast: Residential Broadband Subscriber Losses Could Top 100K in Q4
Comcast will likely see Q4 residential broadband subscriber losses in excess of 100,000, Comcast Cable CEO Dave Watson said Monday at UBS' Media and Communications Conference. Residential broadband competition "remains ... intense," especially competition for more price-conscious subscribers, Watson told…
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attendees. Churn among mid-tier and higher-end subscribers on packages of 500 Mbps and faster remains near record lows. The two fall hurricanes will end up costing Comcast around 10,000 broadband subscriber losses in Q4. The company's 2025 priorities are growing its connectivity businesses of broadband, mobile and business services, Watson said. He was dismissive of fiber competition, saying while there's short-term competitive pain, market shares level out after the market matures. Comcast believes the $181 billion mobile marketplace is a major growth opportunity, especially when mobile is bundled with broadband, Watson said. Moreover, the company is expanding business services via dedicated Ethernet over its hybrid fiber-coaxial network. Dedicated business service will see an additional 3.5 million business passings in 2025. Asked about Comcast's interest in having a licensed spectrum network for its mobile business, Watson said the company has "really liked our position for a very long time" relying on Verizon's mobile virtual network operator agreement. Comcast continues testing its citizens broadband radio service spectrum to offload some mobile traffic, he added.