US Cable System Operators Offset Video Losses with Growth in Business Services, says Insight Research Corp.
DURANGO, Colo., Nov. 25, 2013 (SEND2PRESS NEWSWIRE) — U.S. Cable and Satellite service providers are losing three quarters of a million residential video subscribers each year, but investors are not panicking, as the losses are offset by growth in broadband and business services. According to a new market research study from The Insight Research Corporation, U.S. Cable MSOs are on track this year to reach $8.8 billion in annual revenues providing telecommunications services to small and medium-size businesses, despite competition from entrenched telco providers, who have owned this segment for the past thirty years.