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Broadband Market Share Gains Likely for Altice, Charter, Comcast, Says Analyst

Altice, Charter and Comcast should have residential broadband market share gains, said Wells Fargo's Jennifer Fritzsche in a series of notes to investors Tuesday. Charter, adding such share in recent years, is expected to continue gaining from legacy telco competitors…

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with slower speeds. The analyst expects video subscriber declines in excess of 500,000 in Charter's FY 2019 and 2020, accompanied by more customers moving into higher-speed broadband tiers. She said Altice's fiber-to-the-home strategy "should 'future-proof' its network" via higher-speed tiers and lowering future operating and capital costs: Its residential broadband revenue growth has come from pricing, and growth can likely be sustained by featuring its speed offerings in Suddenlink markets where it often competes with DSL-based telcos. Fritzsche wrote that Comcast, with roughly 26 percent of the U.S. residential broadband market, should get further gains from network and customer experience investments.