AltNets’ numbers are still stable as major broadband players are less than impressive.
This is an overview of our quarterly update on the fixed broadband market looking at retail ISPs and network suppliers throughout the UK. In addition to the incumbent operators and infrastructure builders, Point Topic tracks 106 AltNet providers ranging from micro / local ISPs to larger providers with national coverage.
In summary
• Total Q2 2024 FTTH/P/B, FTTC, cable, FWA/satellite and DSL wholesale and retail connections saw a very slight increase during the quarter and stood at an estimated 28.92m from 28.90m q-o-q and similar to 28.82m in the previous year.
• The stall in the fixed broadband retail market remained, with ~21k net broadband subscriber additions compared to ~38k net additions in Q1, and -65k in the previous year.
• Openreach hit its pace FTTP rollout target of just over 1m premises passed during the quarter which will see it reach its build target of 25m premises by the end of 2026; its average build rate reached 78k premises per week with a footprint of 14.82m premises.
• For the other major ISPs, Vodafone had the strongest quarter with ~44k broadband net additions; but others struggled and saw modest losses Sky with an estimated -4k, Virgin Media O2’s (VMO2) reported -12k losses, followed by TalkTalk’s -30k losses as it continued to restructure, find cost efficiencies, and grapple with its debt-laden Platform X wholesale division.
• VMO2’s full fibre footprint reached the milestone of 5m premises (up 68% y-o-y); its broadband customer base decreased to 5.70m; its overall in-footprint penetration dropped to 32.6% (down from 33.3%) compared to Openreach’s 34%.
• AltNets saw ~59k net additions down from around ~70k additions in the previous quarter. AltNets total consumer broadband base reached just over 2.06m up from 2.0m in Q1 and 32% (1.56m) y-o-y.
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