• Comcast and Charter face a grim new reality: actual competition [teleco

    From Bill Horne@21:1/5 to All on Fri Sep 2 09:31:11 2022
    Cheap home internet from T-Mobile and Verizon is here, and it’s already threatening the cable giants.

    BY JARED NEWMAN

    For years, Comcast and other cable companies have leaned on a simple
    strategy to offset the effects of cord-cutting: Charge a steep price
    on home internet service, and enjoy soaring profits thanks to little
    or no competition.

    That strategy may now be in jeopardy. Comcast’s internet subscriber
    growth was essentially flat last quarter, while Charter lost 21,000
    Spectrum internet subscribers. For both companies, it’s the first time they’ve failed to grow their home internet businesses in a given
    quarter.

    https://www.fastcompany.com/90782532/comcast-and-charter-face-a-grim-new-reality-actual-competition

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