Time Warner Cable Plans Mobile WiMax Launch
While second quarter earnings see continued healthy revenues...
Time Warner Cable issued their second quarter earnings
, posting a better-than-expected rise in quarterly profit. The carrier saw revenue increase 4 percent to $4.47 billion, and second quarter net profit rose to $316 million up from $277 million. Despite claiming flat-rate broadband pricing wasn't sustainable during the company's metered billing fiasco
, broadband revenue rose 9 percent to $1.1 billion.
The company lost 57,000 basic video subscribers, but added 88,000 new broadband customers, 54,000 digital video customers, and 103,000 VoIP customers.
Time Warner Cable CEO Glenn Britt told attendees of a conference call this week that Mobile WiMax launches are coming. "You will hear a lot more about this as we build up to the launch this fall," says Britt -- who confirmed Charlotte and Dallas as early launch markets. Like Comcast
, Time Warner Cable invested in Clearwire's mobile WiMax network and will re-sell the service as part of a broadband bundle.
Britt did warn those attending the call that the company was seeing some customers leave their VoIP service as households convert to wireless phone only. "There's evidence of significant cord-cutting of voice in this environment," says Britt. "A tough economy is causing people to make that decision faster than they would otherwise."
"Given the slower subscriber growth in recent quarters, we expect that revenue growth will slow in the second half of the year," CFO Rob Marcus said, also blaming "higher expected programming and marketing expense(s)." Of course, Time Warner Cable has yet to launch faster DOCSIS 3.0 speeds in a single market, so in some instances Internet customers may be defecting to faster options. Time Warner Cable still insists their first DOC 3.0 market, New York City, will launch before the end of the year.
·AT&T DSL Service
said by kdwycha:I hope to hell they dont bring that crap back! I have RR 15/2 here and ATT dsl 6/786 here at home due to work and i hope they dont bring on metered billing cause me and my fiancee both work from home some days and we use around 100 gigs a month easy.
time to bring on the metered billing then!
said by CompTech210:Just kidding around about that anyway. Every time I see a news story about Time Warner I like to say something about caps/metered billing. said by kdwycha:
time to bring on the metered billing then!
I hope to hell they dont bring that crap back! I have RR 15/2 here and ATT dsl 6/786 here at home due to work and i hope they dont bring on metered billing cause me and my fiancee both work from home some days and we use around 100 gigs a month easy.
·Time Warner Cable
·Verizon Online DSL
Re: well... Here's the problem: TWCBC STARTS at $100 per month in the San Antonio/Austin area. That's for 10/512, which sucks for telecommuting because uploads are outright lame. However the next tier up is $50 more, for 512k more of upload speed!
TWC *does* have a 7/2 + phone lime promo for $80 per month, but that's for one year, after which the price doubles.
If TWC does caps, people will have to pay $250+ per month for 2Mbit up service with no cap in the SA/Austin area. Fortunately with Grande Communications competing with TWC for service, as well as U-Verse, this probably won't happen. But the prospect isn't too great anyway. Especially since the pricing I mentioned requires a three-year contract; $20 more per month if you want a one-year.
In contrast, Comcast actually has some decently-priced biz-class connections; they start at $60 (for 6/1 now, 12/2 later in about 45% of markets), work their way up through $90 (still not bad) and top out at $190 for either 22/5 (DOCSIS 2.0 areas) or 50/10 (DOCSIS 3.0 areas). Not too shabby when you can't get FiOS.
Re: well... Obviously CompTech210 already has 15/2 service, so the costs must not be imperative at this time.
said by iansltx:Where did that figure come from?
If TWC does caps, people will have to pay $250+ per month for 2Mbit up service with no cap in the SA/Austin area.
Palm Desert, CA
Anon 51 Not hard to claim earnings..... just stop spending on those unnecessary, annoying things like maintaining your system, improving your system, upgrading your system, or improved programing. Ignore the customer complaints...
Provide less, charge more, implement caps to the "Uneducated Public"and claim higher earnings.
Viola' Stockholders are happy.
And the trend of customers fleeing your company will continue, for phone video and data.
How typical of Time Warner Cable..
Ever hear of Docsis 3.0 ?