On a customer basis, Charter Communications will be most competitively impacted by Verizon’s upcoming rollout of 5G services in Houston, Indianapolis, Los Angeles and Sacramento.
A new analytical snapshot published by S&P Global Market Intelligence shows that Charter has more than 2.8 million subscribers in the Los Angeles region alone, and another 132,000 in Indianapolis.
Comcast is in three of the impacted markets—Houston, Indianapolis and Sacramento/Stockton—with nearly 2 million of its customers now having the option of the 5G wireless broadband service.
Two weeks ago, Verizon announced that would add Indy to a list of regions it is launching 5G wireless broadband into later this year. Verizon also announced that it will be bundling Apple TV4K OTT devices and YouTube TV virtual pay TV service with its 5G offering.
“Though each market has a broadband penetration rate above 70%, Verizon is clearly hoping to challenge the cable bundle, as it is offering Alphabet Inc.'s YouTube TV and Apple Inc.'s Apple TV 4K as part of its broadband package in the four launch cities,” the research company noted in a statement.
Notably, Verizon still has yet to announce price points for its 5G service. S&P also noted that among the four metropolitan regions involved in Verizon’s launch, each area has a range of 18% to 24% of its homes with yearly income over $100,000.
Conversely, each region has roughly the same percentage of homes with yearly incomes under $25,000.
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