Finance

5G broadband is a threat to cable companies but execs aren’t worried

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T-Mobile US CEO John Legere testifies before a House Committee on Energy and Commerce Subcommittee hearing in Washington, February 13, 2019.

Erin Scott | Reuters

For about the last two decades, the cable industry has been fueled by three revenue streams: cable television, landline phones and high-speed broadband.

Recently, though, cable’s prized triple play has started to erode. Fewer households need a landline. Millions of Americans are canceling cable TV, a trend poised to accelerate as new streaming products such as Disney+, Apple TV+ and HBO Max hit the market. Add it all up and cable companies are left with only one reliable product — high-speed Internet.

Investors don’t appear…



Source cnbc.com

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