Spectrum (and all other cable ISPs)
are absolutely being squeezed out by FWA on the low-end and fiber on the high-end. Usually
both are cheaper than Spectrum's standard rates, so Spectrum is in a lose-lose situation here.
//
Thus, it makes sense why Spectrum is losing
internet customers left and right. On a net basis, in Q1 2024 Spectrum lost 5.5K+ internet customers
per week; not a disaster when Spectrum still has 30.5 million internet subscribers, but cable ISPs are finally facing real competition against their 15+ year old DOCSIS 3.0 product.
And it shows:
To keep customers, Spectrum needs to evolve: DOCSIS 3.1 high-split, DOCSIS 4.0), transition (FTTP), or lower prices. And they obviously can, seeing as Spectrum had over
half a billion (
$576 million) in stock buybacks in 2024 alone. But seems like Spectrum isn't doing it fast enough nor in enough places.
Our home is a little lucky that 2-3 years after an (unreliable) fiber ISP arrived in our neighborhood, Spectrum rolled out high-split DOCSIS 3.1. Now we have 1 Gbps symmetric
cable from Spectrum and it's pretty good. File uploads are faster (though few sites have the capacity for 1 Gbps upload per user) and backups are a breeze. No price increase, too (I'd like to see them bloody try).
Still, Spectrum, and the whole cable industry, should've adopted high-split much earlier when DOCSIS 3.1 released; when even a
cell phone tower gives better upload speeds than wired cable and it's cheaper, don't expect Spectrum customers to just sit by idly.