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Subscriber Values:
Q4 2005
Competitive ISPs and CLECs did well but are
in transition, altering their business models to catch up to changes
in regulation.
Subscriber numbers are from ISP-Planet's list of Top
U.S. ISPs and from company reports (and are as of December 31, 2005).
Market capitalization data is as of market close, April 24, 2006, as reported
on Yahoo!
Finance.
Further
notes on ISP data
ISP
Subscriber Value: $256*
(ISP
subscriber values with AOL would average $1,166 per subscriber.)
|
|
Stock Symbol
|
ISP |
Value
per subscriber
|
Market Cap
(millions)
|
Number of subscribers
|
|
[TWX]
|
AOL*
|
$2,987
|
$76,140
|
25,490,000
|
|
[UNTD]
|
United Online*
|
$288
|
$821
|
2,855,000
|
|
[ELNK]
|
EarthLink
|
$224
|
$1,190
|
5,315,000
|
|
*
In response to a suggestion by Tom Millitzer of New
Commerce Communications, we show subscriber values without AOL
in large print, and with AOL in small print.
*
AOL subscriber numbers do not include RoadRunner; AOL did not declare
subscriber numbers for CompuServe.
* We
count only paying subscribers for the United Online. United Online
now pays a dividend.
|
Our CLEC
listings require close examination. We are comparing a wide variety of
companies, and we welcome your comments
Further
notes on CLEC data
|
CLEC
Subscriber Value: $1,437
|
|
Stock Symbol
|
CLEC |
Value
per subscriber
|
Market Cap
(millions)
|
Number of subscribers
|
|
[CLEC]
|
US LEC
|
$3,540
|
$135
|
38,225
|
|
[GNCMA]
|
General Communications
|
$1,777
|
$650
|
365,800
|
|
[DVW]
|
Covad
|
$1,226
|
$695
|
567,200
|
|
[ALSK]
|
The ACS Group
|
$1,148
|
$504
|
439,307
|
|
[MPE]
|
MPower
|
$479
|
$150
|
313,900
|
|
[TALK]
|
Talk.com
|
$455
|
$271
|
595,000
|
End
|
Acquisitions of Note:
|
| |
[Dec. 19, 2005]
|
|
| |
[Dec. 19, 2005]
|
|
| |
[Dec. 14, 2005]
|
|
| |
[Oct. 11, 2005]
|
|
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