SPECTRUM EXPANDS ITS COMMUNITY INVESTMENT AND OFFERS AMAZON PRIME MEMBERSHIP TO QUALIFYING LOW-INCOME SPECTRUM INTERNET CUSTOMERS
Rhea-AI Summary
Spectrum (NASDAQ:CHTR) announced that eligible low-income Spectrum Internet customers who qualify for Spectrum Internet Assist, an affordable plan with speeds up to 50 Mbps, can now receive an Amazon Prime membership included at no additional cost with their Internet subscription.
According to Spectrum, Prime is now included for legacy Spectrum customers, with the benefit coming soon for qualified legacy Cox customers. The company notes that Prime, valued at $14.99 per month or $139 per year, provides delivery savings, exclusive grocery benefits, Prime Video entertainment, Amazon Music, Amazon Luna cloud gaming, Amazon Photos, Alexa+, and other member perks. Customers can enroll through Spectrum’s simplified onboarding process.
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Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Aug 20 | Debt exchange | Positive | +1.6% | Final results completed for exchanges involving two pools of senior secured notes. |
| Aug 20 | Cox transaction | Positive | -3.1% | Charter completed Cox and Liberty Broadband transactions, expanding its broadband and mobile footprint. |
| Aug 18 | Senior secured notes | Negative | +2.8% | Charter closed a $4.75 billion notes offering to fund acquisition consideration and corporate purposes. |
| Aug 12 | Strategic partnership | Positive | -4.7% | Spectrum and Optimum expanded local news carriage and advertising-sales collaboration across U.S. markets. |
| Aug 06 | Senior secured notes | Negative | -3.1% | Charter priced $4.75 billion of notes, with proceeds supporting Cox consideration and corporate purposes. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
CHTR aligned with two of five recent events but diverged on three, including a negative reaction to the Cox transaction.
Key Terms
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AI-generated analysis. How Rhea-AI works. Not financial advice.
Key Takeaways:
- New and existing customers who currently qualify for Spectrum's low-income Internet Assist can enjoy all the benefits of Prime, included with their Internet subscription, at no additional cost.
- Prime is now included for legacy Spectrum customers with the benefit coming soon for qualified legacy Cox customers.
Qualified Spectrum Internet customers can now enjoy everything Prime has to offer, including exclusive grocery savings and convenience, delivery benefits that saved members an average of
"Our goal at Spectrum is to give customers more value from the services they already count on every day," said Adam Ray, Executive Vice President, Chief Commercial Officer for Spectrum. "That value already includes the fastest mobile service at the lowest prices, and our inclusion of programming apps in our video services at no extra charge. And that value now extends to including Prime for low-income customers to help make everyday life a little easier while delivering incredible savings and entertainment – reflecting just a part of our ongoing investment to ensure the communities we serve can thrive."
Qualified Spectrum Internet customers can now enjoy all of Prime's savings, convenience, and entertainment. That includes everyday low prices and free delivery on 300 million items across 35 categories, tens of millions of which can be delivered the same or next day in eligible areas, including everyday essential grocery items like pantry staples, breakfast items, canned goods, baby foods, and more. Prime members also get free Same-Day Delivery on perishable grocery orders over
Prime Video serves as an entertainment destination, offering unlimited streaming of movies and shows, plus access to must-see live sports including NBA, WNBA, NASCAR, and Thursday Night Football. Members also enjoy ad-free listening of 100 million songs and millions of podcast episodes with Amazon Music, cloud gaming with Amazon Luna, unlimited photo storage with Amazon Photos, and Alexa+, Amazon's next-gen AI assistant that enhances the Prime experience, making it easy to shop, discover new entertainment, and manage photo content through natural conversation. With Amazon Family, members can also share a wide range of these benefits with one adult in their household, plus digital content with up to four children in their household.
More information is available at spectrum.com/AmazonPrime.
About Spectrum
Spectrum is a suite of advanced communications services offered by Charter Communications, Inc. (NASDAQ:CHTR), the leading broadband and video company in the nation and the fastest growing mobile provider in its footprint, with services available to more than 70 million homes and small to large businesses across 45 states. Founded in 1993, Charter has evolved from providing cable TV to streaming, and from high-speed Internet to a converged broadband, WiFi and mobile experience. Over the Spectrum Fiber Broadband Network and supported by our
More information can be found at corporate.charter.com.
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SOURCE Charter Communications, Inc.