Feeds

Comcast eyes AT&T's American broadband crown

Pulled up by its VoIP straps

Intelligent flash storage arrays

Comcast is on the verge of surpassing AT&T as America's number one broadband provider.

In releasing its Q3 earnings today, the cableco boasted 382,000 new broadband subscribers for the quarter ending September 30 - more additions than AT&T and Verizon combined. That gives Comcast 14.7 million broadband subscribers in total, just 100,000 less than AT&T.

Two-thirds of those 382,000 new subscribers are cable converts from DSL - the phone-line-based broadband technology that AT&T and Verizon are slowly replacing with high-speed fiber connections.

Apparently, Comcast is out-pacing its rivals in the so-called "triple play" game, in which comm giants attempt to destroy each other by bundling voice, data, and TV in a single package. Though Comcast lost 4,000 circuit-switched phone subscribers during Q3 - as it phases out old school phone service - the cableco added 483,000 voice over IP subscribers. That means its fledgling phone service is growing faster than the fledgling fiber TV services offered by the traditional telcos. At least for now.

Like AT&T and Verizon, Comcast is holding up quite well as the worldwide economy melts away. Q3 earnings jumped 38 per cent from a year ago, as it beefed up its cable TV rates and dropped spending.

"We delivered solid results in the third quarter, demonstrating the underlying strength of our subscription businesses and our ability to operate well in a challenging economic and competitive environment," reads a canned statement from chairman and CEO Brian L. Roberts. "Importantly, our financial position has never been stronger, reflecting disciplined and prudent balance sheet management and strong free cash flow growth."

The company earned $771m in Q3, or 26 cents per share, on $8.55bn in revenues. The Wall Street guessmen were expecting profits of 22 per cents a share, but Comcast shares still tumbled. Its stock was down 9.91 per cent when the NASDAQ closed for the day.

That said, shares climbed 24 per cent the day before, as Wall Street decided to push the market up.

Last week, Comcast announced that it rolling out wideband DOCSIS 3.0 service in New England, Philadelphia, and New Jersey, and it expects the technology will be available in 10 major markets by the end of the year. Sometime before year's end, the company will also stop busting BitTorrents. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
Spies, avert eyes! Tim Berners-Lee demands a UK digital bill of rights
Lobbies tetchy MPs 'to end indiscriminate online surveillance'
Inequality increasing? BOLLOCKS! You heard me: 'Screw the 1%'
There's morality and then there's economics ...
Google hits back at 'Dear Rupert' over search dominance claims
Choc Factory sniffs: 'We're not pirate-lovers - also, you publish The Sun'
While you queued for an iPhone 6, Apple's Cook sold shares worth $35m
Right before the stock took a 3.8% dive amid bent and broken mobe drama
How the FLAC do I tell MP3s from lossless audio?
Can you hear the difference? Can anyone?
4chan outraged by Emma Watson nudie photo leak SCAM
In the immortal words of Shaggy, it wasn't me us ... amirite?
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.