According to the findings of New Street Research firm, the wireless service known as Xfinity® Mobile is set to have significant growth in the number of subscribers in the next two years. To be specific, the research firm projected that the MVNO service, which one of the best internet providers deliver through the network of Verizon Wireless®, would get twice number of subscribers in this year’s fourth quarter compared to last year.
“We expect Comcast’s wireless net adds to remain sluggish in the first half of 2018, and then to ramp sharply in the second half of the year,” noted New Street Research officials. The research firm also disclosed several other revelations in their report as mentioned below.
- Comcast® now pays Verizon® $5 per gigabyte data its subscribers use, although it is subject to change and is not fixed
- Xfinity® Mobile subscribers use around 15 percent more internet data than similar subs
- Cable providers, in general, will get up to fifteen percent of total postpaid subscribers in their targeted markets by 2020 and it would steal customers of rivaling wireless providers such as AT&T® and T-Mobile®
Findings of the research firm are startling in view of Comcast’s disclosure that Xfinity® Mobile service had signed up 380,000 subscriber lines by 2017. Although that was an increase from 250,000 subscribers as disclosed by Comcast® in October, it was below the figures most trade analysts had projected last year.
Nevertheless, executives of Comcast® have promised that Xfinity® Mobile is on track to grow. David N. Watson, the President and Chief Executive Officer of Comcast Cable®, said in January, “We like our game plan. We like the fact that it’s connected to our existing business line. It’s a really simple business plan that can scale. We’re finding that the by-the-gig approach is working. It’s early still the branding is just kicking in, and we’re expanding distribution to our existing retail locations. We’re well positioned going into 2018 with mobile.”
Xfinity® Mobile, the wireless service Comcast® that delivers over Verizon’s network, is “very irrelevant, and I assume that [Charter’s soon-to-launch mobile service] will be irrelevant squared,” said the Chief Executive Office of T-Mobile®, John Legere, in February. “The furthest thing from my mind is any concern about the impact of cable.”