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Cable companies are emerging as a formidable threat to mobile network operators AT&T, Verizon, and T-Mobile.
According to new data from research publisher MoffettNathanson shared by Light Reading, cable companies Charter, Comcast, and Altice USA accounted for 15 percent of new mobile customers in the last quarter of 2024, which was a new Q4 record.
Cable industry’s performance in Q4. | Image Credit – MoffettNathanson
These companies added 876,000 lines in total and now have 18.16 million customers.
In contrast, T-Mobile made up 31.1 percent of the net additions, Verizon accounted for 30.1 percent of them, and AT&T was responsible for a 22.8 percent net increase.