Although Time Warner Cable could lose video subscribers to its telco-based rivals, it is holding its own on the high-speed Internet front, particularly when it comes to Verizon's fiber-based FiOS service, according to company CFO Robert Marcus. Speaking today at Bear Stearns' annual media conference, Marcus said "The encouraging news for us there really is that where we've seen the FiOS [high-speed] product gain share, for the most part we’ve maintained or increased market share."
So, where are all of Verizon's FiOS broadband customers coming from? "They're taking share from DSL," according to Marcus.
Video competition, however, is another story. "I think it's fair to say we're going to lose video subs to both of those players {AT&T and Verizon} as they enter the market," Marcus said.
But right now the competitive impact is still contained by the limited video deployment footprints of the two telcos. "The competition is still on the moderate side. Between FiOS and Uverse we're seeing 10% of our homes passed being marketed to."
Cynthia Brumfield at 12:50 PM|Comments(0)
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