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Charter Communications reports developments around its Spectrum broadband connectivity and entertainment business, with services available to nearly 59 million homes and small to large businesses across 41 states. News commonly covers Spectrum Internet, WiFi, Mobile, TV and Voice products, including network evolution, advanced WiFi, mobile line features, and streaming access through the Spectrum TV App.
Company updates also include financial and operating results, customer metrics, investor-conference participation, leadership changes in product and connectivity roles, data- and AI-related product initiatives, and Spectrum News partnerships. The recurring themes connect Charter's cable network, mobile service, video distribution and local news operations under the Spectrum brand.
Charter Communications (NASDAQ: CHTR) announced the intention of its subsidiaries, CCO Holdings, LLC and CCO Holdings Capital Corp., to offer senior unsecured notes due 2034. The net proceeds from this offering will be used for general corporate purposes, including debt repayment and potential buybacks of Class A common stock. The offering is targeted at qualified institutional buyers and will comply with regulatory requirements. As a leading broadband connectivity company, Charter serves over 31 million customers in 41 states through its Spectrum brand.
Charter Communications reported strong financial results for Q2 2021, with total revenues up 9.5% year-over-year to $12.8 billion, driven by significant growth in Internet, mobile, and advertising sales. The company added 332,000 new residential and SMB customer relationships, reaching a total of 31.8 million. Adjusted EBITDA increased by 11.8% to $5.0 billion, while net income rose to $1.0 billion. Despite these gains, the company experienced a decline in residential video and voice customers. Capital expenditures totaled $1.9 billion, and free cash flow grew by 10.8% to $2.1 billion.
Comscore (NASDAQ: SCOR) announces that Spectrum Reach (NASDAQ: CHTR) will use its audience measurement currency in the Southeast region. This transition is aimed at moving beyond traditional demographics to more detailed, data-driven metrics. Beth Plummer, Spectrum Reach's Senior VP, emphasized the need for granular data for audience targeting. Comscore aims to provide reliable viewership insights, enhancing advertising effectiveness. Strong Automotive Merchandising has already adopted Comscore's measurement tools, indicating confidence in its stability and accuracy.
Orbital Energy Group's subsidiary, Gibson Technical Services, has secured a project from Charter Communications for approximately 8,600 miles of full-service construction across Louisiana, Alabama, and North Carolina. This initiative is part of the Federal Government's Rural Digital Opportunity Fund, which allocates $20.4 billion for broadband expansion. Charter's $5 billion investment, supported by $1.2 billion from the RDOF auction, aims to enhance broadband access for over 1 million locations. The project is set to begin immediately and spans 5-6 years.
ViacomCBS Inc. (NASDAQ: VIAC, VIACA) and Charter Communications, Inc. (NASDAQ: CHTR) have signed multi-year distribution agreements for the continued carriage of ViacomCBS’ networks and streaming services, including Paramount+, Pluto TV, BET+, and Noggin, to Spectrum customers. This collaboration aims to adapt to the evolving subscription video market while enhancing customer choice and experience. The agreements also focus on advancing addressable media and advertising strategies, although specific financial terms were not disclosed.
Charter Communications (NASDAQ: CHTR) announced a conference call on July 30, 2021, at 8:30 a.m. ET, to discuss its Q2 2021 financial and operating results. A press release detailing these results will be released at 7:00 a.m. ET that same day. Participants can join via phone or through the company's investor relations website. The call will be archived for later access. Charter, under the Spectrum brand, serves over 31 million customers across 41 states, providing broadband and cable services.
Charter Communications (NASDAQ: CHTR) announced significant organizational changes in Sales, Marketing, and Field Operations to enhance growth capabilities. Adam Ray has been appointed EVP of Sales Operations & Planning, expanding his oversight to include Sales & Retention. Sharon Peters will lead the full marketing function, while Tom Monaghan is tasked with managing all 11 operating regions. These changes aim to optimize leadership effectiveness and drive performance across various sectors of the company.
Charter Communications (NASDAQ:CHTR) has appointed Jeff Murphy as Senior Vice President of Corporate Finance and Development, effective immediately. Reporting to Jessica Fischer, he will lead debt and equity capital markets, treasury, mergers and acquisitions, and corporate development. Murphy brings over 20 years of experience from Credit Suisse, where he was Vice Chairman of Investment Banking & Capital Markets, overseeing telecom sectors globally. His extensive background in finance aims to bolster Charter's strategic growth.
Charter Communications, Inc. (NASDAQ: CHTR) announced that Chief Financial Officer Christopher Winfrey will participate in the Evercore ISI TMT Conference on June 9, 2021, at 9:30 a.m. ET. Investors can access a live webcast of the event on Charter's investor relations website. Following the live event, the webcast will be archived for future viewing. Charter serves over 31 million customers in 41 states through its Spectrum brand, providing broadband, TV, mobile, and voice services.
Charter Communications has successfully closed its offering of $2.8 billion in Senior Secured Notes. The offering comprises $1.4 billion due in 2052 with a 3.900% interest rate, and $1.4 billion due in 2061 with a 4.400% interest rate. The 2052 Notes were issued at 95.578% of their principal amount, while the 2061 Notes were issued at 99.906%. This offering was made under an effective shelf registration statement. The company continues to provide a range of services under its Spectrum brand to over 31 million customers across 41 states.