SPECTRUM MARKS ONE YEAR OF INDUSTRY-FIRST CUSTOMER COMMITMENT ACCOMPLISHMENTS
Rhea-AI Summary
Spectrum (NYSE:CHTR) marks the first anniversary of its industry-first Customer Commitment initiative with significant achievements. The company reports a 16% year-over-year decrease in customer billing calls and enhanced service response times, with technicians now responding to installation and repair calls within two hours.
Key improvements include the expansion of their fiber network with a $7 billion private investment to reach 1.7 million new locations by 2027, introduction of price guarantees up to three years, and launch of Seamless Entertainment packages offering streaming apps valued at $125 per month at no additional cost. The company has already added over one million new rural passings and plans to add 100,000+ miles of fiber-network infrastructure.
Positive
- 16% reduction in customer billing calls year-over-year
- $7 billion private investment in rural broadband expansion
- Technician response time improved to within 2 hours
- Added over 1 million new rural passings
- Nearly doubled rate of new customers choosing Gig service
- Streaming bundle offering $125/month value at no extra cost
Negative
- None.
News Market Reaction
On the day this news was published, CHTR gained 0.14%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Takeaways:
- An improved customer experience, product and service enhancements, and faster and more reliable service with added value have driven meaningful improvements in customer satisfaction scores as measured by Spectrum and others.
- Spectrum technicians are increasingly responding to residential installation and repair calls within two hours.
- Providing greater value and simpler, more transparent pricing and billing has resulted in a
16% decrease in customer billing calls year-over-year.
"Over the past 12 months, Spectrum and our
Reliable Connectivity
Spectrum teams have further prioritized network performance, often addressing issues even before they impact customers; and if a customer is impacted, ensuring their issue is fixed promptly. Last fall, Spectrum committed to providing same day repairs if a customer called before 5 p.m. Today, Spectrum technicians are increasingly responding to residential installation and repair calls within two hours. While the majority of new customers choose to self-install using Spectrum's quick and easy process, if a professional installation is requested, we commit to having it completed by a technician within 24 hours – or sooner.
In addition, when an increase in significant weather events and natural disasters impacted service over the past year, the Spectrum Community Response system was activated, deploying a mobile WiFi system to provide free connectivity for communities recovering from extended outages.
"The price and reliability is fantastic! I did mine over the phone with ease and the representative was very helpful. Plus, Spectrum saved me a lot of money!" – Lynn W. from
Transparency at Every Step
Spectrum launched price guarantees of up to three years last September which continue to resonate with customers, both existing and new. Spectrum customers are choosing more products at the time they connect. The rate new customers choose Spectrum Gig service has nearly doubled and more customers are choosing to subscribe and stay with Spectrum's new video packages. In addition, customers continue to embrace Spectrum Mobile, which delivers the fastest wireless speeds when combined with Spectrum WiFi*, and new and existing customers are taking more Mobile lines.
To help customers discover the value of its connectivity products, Spectrum created an online savings calculator that quantifies the significant savings from bundling mobile, broadband and video services. For example, customers can save hundreds to more than
"Excellent cost savings and customer service." – Mandy R. from
Exceptional Service
Spectrum's
"The gentleman that helped me today was so kind and patient with me as I'm not the best with technology! Also very professional, knowledgeable, most helpful, and solved my problem." – Cassandra R. from
Spectrum also is expanding the reach of its Fiber Broadband Network to bring services to even more customers, especially in unserved or underserved rural areas. Through its multi-year rural construction initiative - driven by more than
"The technicians are so good." Adelaida M. from
Always Improving
At the core of the Customer Commitment is the need to always be improving in every aspect of how Spectrum serves its customers. Spectrum:
- Has redefined the streaming experience with its Seamless Entertainment packages providing customers with eligible Spectrum TV plans***** access to the most popular streaming apps - a retail value of
per month - at no additional cost. Streaming apps include the Disney+ Hulu Bundle, ESPN Unlimited, HBO Max Basic With Ads, Paramount+ Essential, Peacock Premium with Ads, AMC+ with Ads, ViX Premium With Ads, Tennis Channel and FOX One, with more apps including Discovery+ with Ads and BET+ coming soon.$125 - Is upgrading its fiber network to bring even faster speeds with gigabit symmetrical speeds and multi-gigabit speeds available in a growing number of markets.
- Recently launched its Repair and Replacement Premium for Spectrum Mobile customers, a new device protection plan offering peace of mind and support with comprehensive coverage, including for accidental damage, mechanical or electrical failure, broken front screens and back glass, battery replacement, or if the device is lost or stolen.
Collectively, all the benefits and improvements tied to Spectrum's customer commitment are making an impact and driving tangible improvements in how customers perceive Spectrum's service, products and pricing. To date, the improved customer experience, product and service enhancements, and faster and more reliable service with added value has driven meaningful improvements in customer satisfaction scores measured by Spectrum and others.
About Spectrum
Spectrum is a suite of advanced communications services offered by Charter Communications, Inc. (NASDAQ:CHTR), a leading broadband connectivity company and cable operator with services available to more than 57 million homes and businesses in 41 states. Over an advanced communications network, supported by a
More information can be found at corporate.charter.com.
*Based on Ookla Speed test reporting.
**Based on Q4 2024 subscriber data among top 4 carriers.
***Based on comparison of December 2022 and December 2023 FCC Broadband Data Collection locations.
****Based on Broadband Download Speed and Reliability Experience among the top 5 national providers in Opensignal
*****Streaming apps included in qualifying Spectrum TV plans for residential customers only.
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SOURCE Charter Communications, Inc.