Cablevision reported impressive growth in its broadband and voice telephony business in the first quarter of 2006.
* High-speed data customers up 112,289 or 6.6% from December 2005 and 366,044 or 25.4% from March 2005.
* Voice(IP) customers up 133,967 or 18.3% from December 2005 and 500,828 or 137.4% from March 2005.
* UBS analyst Aryeh Bourkoff estimates that now Cablevision’s Voice subscribers represented 19.2% of homes passed as of 1Q06 and will reach 26.4% by the end of the year, which implies about 1.2 million voice subscribers by end of 2006.
* The company says it will increase its spending in 2006 on equipment that will help with broadband upgrades to compete with Verizon FiOS service.
“The company says it will increase its spending in 2006 on equipment that will help with broadband upgrades to compete with Verizon FiOS service.”
Which is exactly why competition is good for consumers…it makes everyone better. I just hope that I’m able to get FiOS here in NJ before I’m a grandfather.
Unfortunately, the company has 13 Billion in Gross [11 B net]debt enhanced from it’s programming experiments and MSG and RF Center. Those 3 million subs have quite a burden to fund.
Cable [and PCS Cellular] has always been a just make the interest payments business, something old wireline Telco must learn and adopt to compete.
I like what you have to say, peanut. Competition is good, and that’s exactly why we should push for franchise reform. Good luck with New Jersey, keep up the good fight.