News Summary: Phone cos. lose broadband subs

Published August 13, 2012 9:24pm ET



WINNERS AND LOSERS: In the second quarter, the landline phone industry lost broadband subscribers for the first time. Cable companies continued to gain, thanks to higher speeds.

DISADVANTAGE: Phone lines, designed to carry conversations, and often decades old, are poorly suited to carry Internet signals compared with the heavily shielded cables that carry TV signals.

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