In a report released today by the research group, TeleGeography, Executive Director, John Dinsdale says, "traditional telcos have been losing substantial market share while leading cablecos have succeeded in transforming their businesses to the point where almost 40% of their revenues now come from telecoms. Comcast, Time Warner Cable and Liberty Global all now feature in the top 15 ranking of broadband internet service providers, and telecoms remains an engine for growth for many cablecos around the world."
According the report, in the first half of 2009, broadband Internet and telephony services have generated over USD30 billion for cable companies around the world. "The sales were derived from a customer base that includes 82 million broadband internet subscribers and 49 million telephony subscribers. The revenue figure may seem relatively small compared to a global wireline services market of well over USD700 billion per year, but cablecos' telecoms revenues have grown 28% per annum since 2003, while the aggregate wireline market has grown at just 4% annually."
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