Welcome to our dedicated page for Charter Comm Del CL A New news (Ticker: CHTR), a resource for investors and traders seeking the latest updates and insights on Charter Comm Del CL A New stock.
Charter Communications, Inc. (NASDAQ: CHTR), operating under the Spectrum brand, is a leading broadband connectivity company and the second-largest cable operator in the United States. The company emerged in 2016 from the merger of Legacy Charter, Time Warner Cable, and Bright House Networks. Charter now offers television, internet access, and phone services to approximately 57 million U.S. homes and businesses, covering around 40% of the country. With over 32 million customers, including 30 million residential and 2 million commercial accounts, Charter delivers a range of advanced communications services.
Under the Spectrum brand, Charter offers a comprehensive suite of services:
- Spectrum Internet® - High-speed internet services with a focus on providing multi-gigabit speeds and symmetrical connections. The network evolution aims to ensure optimal performance and reliability.
- Spectrum TV® - A robust television service that includes popular news and entertainment networks as well as sports channels through partnerships with Spectrum SportsNet, SportsNet LA, SportsNet New York, and Spectrum News NY1.
- Spectrum Mobile™ - Innovative mobile services that include features like Anytime Upgrade, which allows customers to upgrade their devices without traditional wait times, and a cost-effective Mobile Repair and Replacement Plan.
- Spectrum Voice® - Reliable phone services suitable for both residential and business customers.
Charter continues to innovate and expand its offerings. Recent achievements include the launch of Anytime Upgrade and the Mobile Repair and Replacement Plan, enhancing the value and flexibility for Spectrum Mobile customers. Additionally, Charter remains committed to supporting underserved communities through government partnerships to extend broadband access.
Financially, Charter reported a revenue increase of 0.2% year-over-year to $13.7 billion in the first quarter of 2024, driven by growth in residential mobile service, internet, and advertising sales. The company also recorded an Adjusted EBITDA growth of 2.8% year-over-year to $5.5 billion.
Charter has also strengthened its media presence through partnerships, such as the recent multi-year agreement with Paramount Global, ensuring that Spectrum customers continue to enjoy top-tier content from CBS, BET, MTV, Nickelodeon, and more.
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Charter Communications reported strong Q1 2021 results with a total revenue of $12.5 billion, reflecting a 6.7% year-over-year growth. The company added 302,000 net customer relationships, reaching 31.4 million total customers. Internet customers increased by 355,000, totaling 29.2 million, while mobile lines grew by 300,000, totaling 2.7 million. Adjusted EBITDA rose by 12.5% to $4.9 billion, and net income attributed to shareholders was $807 million. However, video and voice revenue showed declines.
Charter Communications (NASDAQ: CHTR) has successfully closed on $1.0 billion in senior unsecured notes due 2033, bearing an interest rate of 4.500% per annum. The notes were sold to qualified institutional buyers under Rule 144A and outside the U.S. under Regulation S. As these notes are unregistered under the Securities Act of 1933, they cannot be sold in the U.S. without proper registration or exemption. Charter continues to serve over 31 million customers across 41 states through its Spectrum brand, offering a comprehensive range of broadband services.
Charter Communications (NASDAQ: CHTR) announced the pricing of $1.0 billion in senior unsecured notes due 2033, with an interest rate of 4.500%. The offering is expected to close on April 22, 2021, subject to conditions. The funds will be used for general corporate purposes, including potential share buybacks and repayment of debt. The notes are offered to qualified institutional buyers and are unregistered under the Securities Act, limiting their sale in the U.S. without registration. This move aims to strengthen Charter's financial position as it serves over 31 million customers.
Charter Communications (NASDAQ: CHTR) announced plans to offer senior unsecured notes due 2033 through its subsidiaries, CCO Holdings, LLC and CCO Holdings Capital Corp. The proceeds will be utilized for various corporate purposes including potential stock buybacks, repaying certain debt, and covering related fees. The notes will be sold to qualified institutional buyers and are not registered under the Securities Act, meaning they cannot be sold in the U.S. without exemption. This offering is subject to market conditions.
Charter Communications, Inc. (NASDAQ: CHTR) will hold a conference call on April 30, 2021, at 8:30 a.m. ET to discuss the financial and operating results for the quarter ending March 31, 2021. A press release detailing these results will be available at 7:00 a.m. ET on the same day. The call will be accessible via the investor relations website, with a dedicated phone line for participants. An archive of the call will be available later for those who wish to review the discussion.
On March 23, 2021, Charter Communications and Ovation will award $10,000 to Rochester's Writers & Books as part of the Stand for the Arts Awards. This initiative, launched in 2017, aims to support local arts organizations and education, having committed $50,000 in 2020 alone. The award recognizes organizations that empower their communities through creative programming and volunteerism. Charter's VP Camille Joseph praised Writers & Books for enriching local society, while Ovation's Sol Doten emphasized the importance of supporting arts during challenging times.
Charter Communications (NASDAQ: CHTR) has successfully closed an offering of $3.0 billion in Senior Secured Notes. This includes $1.5 billion of notes due in 2041 with a 3.500% interest rate, $1.0 billion due in 2052 at 3.900%, and $500 million due in 2061 at 3.850% interest. The offering was executed under an effective shelf registration statement with the SEC. Credit Suisse, J.P. Morgan, and Morgan Stanley served as Joint Book-Running Managers in this transaction.
Charter Communications (NASDAQ: CHTR) announced that Christopher Winfrey, Chief Financial Officer, will speak at the Deutsche Bank Virtual Media, Internet and Telecom Conference on March 8, 2021, at 1:00 p.m. ET. A live webcast of the event will be available on Charter's investor relations website, which will also archive the broadcast post-event. Charter serves over 31 million customers across 41 states with its Spectrum brand, offering a full range of broadband and cable services.
Charter Communications (NASDAQ: CHTR) announced that Tom Rutledge, Chairman and CEO, will speak at the Morgan Stanley Virtual Technology, Media & Telecom Conference on March 2, 2021, starting at 11:00 a.m. ET. Investors can listen to the live webcast on Charter's investor relations website, with an archived version available afterward. Charter serves over 31 million customers across 41 states with its Spectrum brand, providing a wide range of services including Internet, TV, and mobile. For more details, visit ir.charter.com.
On February 18, 2021, Charter Communications (NASDAQ: CHTR) announced the pricing of $3.0 billion in Senior Secured Notes. This includes $1.5 billion in 2041 Notes with an interest rate of 3.500%, $1.0 billion in 2052 Notes at 3.900%, and $500 million in 2061 Notes at 3.850%. Proceeds will be used for general corporate purposes, including potential stock buybacks and debt repayment. The offering is expected to close on March 4, 2021, and was conducted under an effective automatic shelf registration statement with the SEC.
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