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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) has promoted Jessica Fischer to Executive Vice President, Finance, expanding her responsibilities to include Procurement, Investor Relations, Internal Audit, and Corporate Planning. Fischer, who joined the company in 2017, has played a vital role in Treasury and cash management. Charles Fisher will now oversee all Treasury activities. Fischer's financial expertise is expected to enhance Charter's strategic initiatives and further its integration efforts.
On February 3, 2021, Byron Allen's Entertainment Studios Networks announced that it has resolved and withdrawn its lawsuit against Charter Communications. The settlement ends any legal disputes between the two companies, allowing them to focus on their respective businesses. Charter Communications, operating under the Spectrum brand, delivers a variety of services to over 31 million customers across 41 states. The resolution marks a significant development for both entities as they continue to operate in the competitive broadband and entertainment markets.
Charter Communications (NASDAQ: CHTR) announced the retirement of President and COO John Bickham at the end of 2022 after 35 years in the industry. Chairman and CEO Tom Rutledge praised Bickham's contributions to the company's growth. In anticipation of this transition, Rich DiGeronimo, Chief Product and Technology Officer, will oversee Spectrum Reach, while Chris Winfrey, CFO, will take on additional responsibilities in Sales and Marketing. Charter continues to serve over 31 million customers across 41 states, providing a range of broadband and cable services.
Charter Communications (NASDAQ: CHTR) has announced a multiyear initiative to invest approximately $5 billion to expand broadband access to over 1 million unserved locations, supported by $1.2 billion from the RDOF Phase I auction. This plan aims to provide gigabit high-speed internet, enhancing connectivity in rural areas across 24 states. Charter expects to hire over 2,000 employees for this buildout, which will increase the company's network mileage by 15% and drive long-term customer growth, while maintaining its customer-friendly policies.
Charter Communications reported strong financial results for Q4 and the full year 2020. The company served 31.1 million customers, adding 1.9 million customers over the year. Q4 revenues reached $12.6 billion, a 7.3% increase year-over-year, driven by significant growth in mobile (80.9%) and advertising (43.9%) revenues. Adjusted EBITDA grew 10.2% to $5.0 billion. Full-year revenue rose to $48.1 billion, net income attributable to shareholders reached $3.2 billion, and free cash flow was $7.1 billion. Charter also repurchased $12.1 billion in shares during 2020.
Comscore (Nasdaq: SCOR) announced a strategic cash investment totaling $204 million from Charter Communications, Qurate Retail, and Cerberus Capital Management, aimed at enhancing financial flexibility and reducing debt. Each investor will acquire 27.5 million convertible preferred shares at $2.47 per share. The funds will also support improved audience measurement capabilities, leveraging data access from Charter and Comcast. The investment requires shareholder approval and includes a 7.5% annual cash dividend.
Charter Communications (NASDAQ: CHTR) will hold a conference call on January 29, 2021, at 8:30 a.m. ET, to discuss its financial and operating results for Q4 and the year ending December 31, 2020. A press release with the results will be available at 7:00 a.m. ET the same day. The call will be accessible via the investor relations website and by phone, with specific dial-in information provided. The call will be archived for replay shortly after its conclusion.
Charter Communications (NASDAQ: CHTR) announced the closing of a $3.0 billion offering of senior secured notes with different maturity dates. This includes $1.0 billion in 2032 notes at 2.300% interest, $650 million in 2051 notes at 3.700%, and $1.35 billion in 2061 notes at 3.850% interest. The issuance was made under an effective shelf registration statement filed with the SEC. The offering was managed by Deutsche Bank, J.P. Morgan, and Morgan Stanley. The company serves over 30 million customers through its Spectrum brand, providing a variety of broadband and cable services.
Charter Communications (NASDAQ: CHTR) announced that CEO Tom Rutledge will speak at the UBS Global TMT Virtual Conference on December 7, 2020, starting at 1:00 p.m. EST. A live webcast of the event will be available on Charter's investor relations website, with a recording accessible afterward. Charter is a leading broadband and cable operator serving over 30 million customers across 41 states through its Spectrum brand, offering internet, TV, mobile, and voice services.
Charter Communications (NASDAQ: CHTR) announced the pricing of $3.0 billion in senior secured notes across three tranches: $1.0 billion due 2032 at 2.300% interest, $650 million due 2051 at 3.700%, and $1.35 billion due 2061 at 3.850%. The offering aims to fund general corporate purposes, including stock buybacks and debt repayment. The closing is set for December 4, 2020, pending customary conditions. The notes were offered under an SEC automatic shelf registration statement, managed by Deutsche Bank, J.P. Morgan, and Morgan Stanley.