Chartr Cmunictns Stock Price, News & Analysis

Charter Communications reported strong financial results for Q3 2021, with total revenue of $13.1 billion, a 9.2% increase from the previous year. The company added 185,000 customer relationships, reaching 31.9 million, and saw significant growth in mobile revenue, up 45.4%. Adjusted EBITDA grew by 13.9% to $5.3 billion, while net income rose to $1.2 billion, equating to earnings per share of $6.69. The company engaged in share repurchases totaling $4 billion and maintained a solid free cash flow of $2.5 billion. Despite a decline in video and voice customers, Charter remains optimistic about future growth.

On October 19, 2021, Charter Communications (NASDAQ: CHTR) announced key executive changes as part of its leadership transition. John Bickham has been appointed Vice Chairman ahead of his retirement at the end of 2022. Chris Winfrey has been promoted to Chief Operating Officer, while Jessica Fischer will succeed him as Chief Financial Officer. Rich DiGeronimo will expand his role to include oversight of Network Operations. These appointments aim to strengthen Charter's operational capabilities and ensure a smooth leadership transition.

Charter Communications (CHTR) has successfully closed a $4.0 billion offering of senior secured notes with various maturities. The notes comprise $1.25 billion due in 2029 at 2.250%, $1.35 billion due in 2042 at 3.500%, and $1.4 billion due in 2062 at 3.950%. This issuance was executed under an effective automatic shelf registration with the SEC. The funds raised will bolster Charter’s financial position and operational capacity in the broadband market, catering to over 31 million customers across the U.S.

Spectrum Mobile has launched a new Unlimited pricing plan starting at $29.99 per month per line for customers with two or more lines, potentially saving them up to 60% on mobile bills. The offering includes access to nationwide 5G, no extra taxes or fees, and no contracts. The new pricing is part of Spectrum's strategy to provide competitive data plans by combining high-speed internet with cellular service. Customers can mix and match Unlimited and By the Gig plans for savings, positioning Spectrum as a strong competitor in the wireless industry.

Charter Communications (NASDAQ: CHTR) will conduct a conference call on October 29, 2021, at 8:30 a.m. ET, to discuss its financial and operational results for the quarter ending September 30, 2021. A press release detailing these results will be published at 7:00 a.m. ET on the same day. The call will be available on the company's investor relations website. Participants should join the call 10 minutes early and can choose to dial in or listen via webcast.

Charter Communications (NASDAQ: CHTR) announced the pricing of $4.0 billion in Senior Secured Notes. The offering includes:

• $1.25 billion due 2029 at 2.250% interest
• $1.35 billion due 2042 at 3.500% interest
• $1.4 billion due 2062 at 3.950% interest

On September 27, 2021, Charter Communications (NASDAQ: CHTR) announced the intention to offer senior secured fixed-rate notes through its subsidiaries, Charter Communications Operating, LLC and Charter Communications Operating Capital Corp. The proceeds will be utilized for general corporate purposes, including potential buybacks of Class A common stock, repaying certain debts, and covering related expenses. The offering will comply with an effective shelf registration with the SEC and is subject to market conditions.

Orbital Energy Group, Inc. (NASDAQ: OEG) announced its subsidiary Gibson Technical Services (GTS) has secured a project from Charter Communications (NASDAQ:CHTR) to build 1,910 miles of rural broadband in Virginia. This new initiative follows a prior contract for 8,600 miles in Louisiana, Alabama, and North Carolina. The project, part of the Virginia Telecommunication Initiative, is set to commence immediately and is expected to enhance rural broadband accessibility, fostering community development and economic growth through improved digital infrastructure.

Charter Communications (NASDAQ: CHTR) announced that CEO Tom Rutledge will participate in the Goldman Sachs Communacopia Conference on September 23, 2021, starting at 11:20 a.m. ET. Investors can access a live webcast of the event through Charter's investor relations website, which will also host an archived version post-event. Charter serves over 31 million customers in 41 states under the Spectrum brand, providing broadband, TV, mobile, and voice services, along with tailored solutions for businesses and government entities.