Comcast, which serves a total of 24.2 million cable customers, 14.7 million digital cable customers, and 12.9 million high-speed internet customers, is the largest cable television company in the United States and the second largest Internet service provider.
Comcast is now the fourth largest phone company with 5.6 million customers. Cable carriers own nearly 85% of the residential VoIP market. Comcast says roughly two-thirds of their new broadband customers switched from DSL, and about one-fifth of their customers are now signing up for triple play bundles.
Comcast’s quarterly earnings report indicate the company added 555,000 Comcast Digital Voice (CDV) customers during the second quarter — with penetration around 12.5% of homes passed or 5.6 million customers. Phone revenue increased 50% from $425 million to $640 million in the second quarter of 2008.
Their broadband additions (278,000 broadband customers added in the quarter), better than the broadband line additions posted by both AT&T (46,000) and Verizon (54,000) this quarter.
Comcast is putting up $1.05 billion as part of the huge Mobile WiMAX deal with Sprint, Clearwire, Google and Intel, with Time Warner Cable fronting another $500 million. The $14.5 billion venture, which will be called Clearwire, includes Sprint, Comcast, Time Warner Cable, Intel, Google and Bright House Networks.
The deal is expected to close in the fourth quarter. The new Clearwire will give Comcast a wireless alternative to AT&T and Verizon Wireless. The new company expects to cover 100 million U.S. citizens by the end of 2010 and reach 200 million potential users by 2015.
AT&T Wireless, with 73 million total subscribers, reported 1.3 million new subs this quarter while VZW, with 64 million total subscribers, recorded 1.5 million new subs this quarter. The industry is still waiting on results from third ranked Sprint. Sprint Nextel recently reported 52.8 million subscribers while T-Mobile USA has some 30.8 million customers.
The United States ranks third in the total number of cellular subscribers — at 260 million. India is number two at 286 million and China is number one with more than 600 million mobile subscribers.
Related Dailywireless stories include; Cable Goes Wireless, Comcast Talks and It’s Official: Sprint, Cable & Google Building WiMAX Network.