Tag: charter

Charter promises gigabit Internet to “virtually” all customers this year

Enlarge / Charter’s gigabit service is available in these eight markets and will spread across the ISP’s 41-state footprint this year. (credit: Charter ) Charter’s cable network extends to about 50 million homes and businesses across the US, and nearly all of them should have the opportunity to buy gigabit-speed cable Internet by the end of 2018. So far, prices for the service range from $105 to $125. “By year-end, we’ll offer gigabit services in virtually everywhere we serve at all 50 million passings,” Charter CEO Tom Rutledge told investors in an earnings call Friday. The number of residential units among those 40 million locations is somewhere above 40 million. An earnings call transcript by Seeking Alpha is available here , and Rutledge’s remarks were pointed out by news site Stop the Cap . Read 13 remaining paragraphs | Comments

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Charter promises gigabit Internet to “virtually” all customers this year

Charter has moved millions of customers to new—and often higher—pricing

Enlarge / A Charter Spectrum vehicle. (credit: Charter ) Charter Communications has moved 30 percent of the customers it acquired in a blockbuster merger onto new pricing plans, resulting in many people paying higher prices. Charter closed the acquisitions of Time Warner Cable (TWC) and Bright House Networks in May 2016. Before the merger, Charter had about 6.8 million customers; afterwards, Charter had 25.4 million customers in 41 states and became the second-largest US cable company after Comcast. The merger was quickly followed by customer complaints about pricing in the acquired territories. In November 2016 , we noted that “tens of thousands of ex-Time Warner Cable video subscribers have canceled their service since the company was bought by Charter, and pricing changes appear to be the driving factor.” At the time, Charter CEO Thomas Rutledge explained that the TWC video customer base was “mispriced” and needed to be moved “in the right direction.” Read 11 remaining paragraphs | Comments

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Charter has moved millions of customers to new—and often higher—pricing

Charter acquisition of Time Warner Cable approved by the FCC

It feels like forever since Time Warner Cable agreed to merge with Charter Communications , for an estimated $55 billion . But today, nearly a year after the two companies struck a deal, the Federal Communications Commission has finally granted its approval . The announcement follows FCC Chairman Tom Wheeler and the US Justice Department green-lighting the merger in April, which confirmed that it was only a matter of time before it became official. It’s worth noting that Charter is also acquiring Bright House Networks , a regional TV and internet provider, as part of the agreement between it and the government. Additionally, last month Wheeler revealed there would be some caveats for Charter , including not being be able to impede access to streaming content. Namely, Charter can’t set data caps for subscribers or charge for service based on usage — and there might be more compromises. A detailed release of the conditions for the merger will be released over the coming days, according to a statement from the FCC . Nevertheless, this positions Charter as the second largest cable and internet service in the US with 24 million subscribers total, right behind Comcast’s 28 million . Persistence pays off , folks. Source: Federal Communications Commission

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Charter acquisition of Time Warner Cable approved by the FCC