Telecom & Wireless
Good News For AT&T (T), Sprint (S), And Verizon (VZ): Mobile Broadband Up
Published:
Use of mobile broadband, PCs connected to the internet over cellular networks spiked up 154% from the Q4 06 to Q4 07. The total number of unique computers hooked up at the end of last year was 2.168 million. The number does not include WiFi consumers.
The news is good for Verizon Wireless, AT&T (T), and Sprint (S). Now that cell phone penetration is high in the US and unlikely to grow at the rate it has over the last decade, new users who need a line to connect PCs is a potentially huge market. It is not hard to see the total moving to 10 million customers or more over the next two or three years.
According to comScore, the people using mobile broadband tend to be well-off with heaviest use among people with household incomes of over $100,000 a year.
Douglas A. McIntyre
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