New Street: AT&T's fiber build-out cut into Charter and Comcast's growth -- but that won't last
By Mike Dano, FierceCale, Nov 2, 2017
Wall Street analyst firm New Street Research issued a report tracking AT&T's fiber build-out efforts and how those moves have cut into the growth of Charter and Comcast. However, the firm predicted Charter, Comcast and the rest of the cable industry will eventually be able to rekindle their momentum in the market for high-speed broadband connections and will "outpace consensus expectations, and massively outpace the growth of telcos."
"Cable continues to capture over 100% of industry net adds; however, their gains shave (sic) slipped from a peak of 118% in the trailing twelve months up to 1Q17 to 108% in 3Q17," the New Street analysts wrote in a research report issued yesterday.
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Neal McLain