The Wall Street analyst firm predicts that the Comcast-owned MVNO will have twice as much customers by Q4 this year as compared to the number it had last year. Another prediction by the firm is that the MVNO could have up to 2 million customers per year.
During the first half of the year, the analyst firm believes the net adds of the wireless company will be sluggish. But in the second half of the year, the company believes this will result to a quick rise.
Apart from Xfinity Mobile, the analyst firm believes Charter will also receive the same growth once it has launched its Spectrum Mobile MVNO service. This service is expected to be launched in the later part of the year. The analyst believes the company could add around 450,000 subs by the fourth quarter of this year.
In its report, the firm also released some important conclusions, such as:
- Verizon charges Comcast $5 per GB for the data that Xfinity Mobile customers use. This rate is not fixed but tied to retail rates.
- Roughly 15% more data is being consumed by Xfinity Mobile customers compared to similar customers on other carriers.
- In general, up to 15% of postpaid customers will be acquired by cable companies in their target footprints by 2020. This lessens the number of customers that traditional carriers like T-Mobile and AT&T can gain.
A CEO for Comcast shared that it's still too early for the business to feel any pressure, especially since their branding is just kicking in and that they are continuing to expand distribution across existing retail stores.
Source: Fierce Wireless