In a new FCC filing, Charter Communications offered a glimpse into its deployment of its cloud-based Worldbox set-top box. The company said it "deployed its first new Worldboxes to paying customers using downloadable security in April, 2015, and continues to ramp up the deployment of the downloadable security system throughout Charter's systems. Enabling the Worldbox in any given footprint requires changes and additions to many pieces of the video delivery system, and those deployments are underway."
Although Wall Street analysts continued to fret over declines in number of pay-TV subscribers, the nation's cable players generally offered positive views of Wi-Fi and their plans to expand the use of the technology. Indeed, a number of cable companies specifically mentioned their Wi-Fi plans during their second quarter conference calls with analysts.
Stocks for virtually all of the major media conglomerates have dropped sharply amid newly heightened concerns about the future of the pay-TV bundle.
Charter Communications CEO Tom Rutledge said the cable company is looking to launch some kind of mobile wireless product and is willing to explore working with T-Mobile US or any other wireless carrier.
Charter Communications notched an increase of 7.6 percent in its overall revenues, but the company reporting losing 33,000 pay-TV subscribers. Those subscriber losses were far higher than some Wall Street analysts were expecting: JP Morgan had expected Charter to lose 15,000 video subscribers, while Jefferies had predicted 25,000 customer loses.
Charter Communications is moving fast to bolster its Washington, D.C., influence by hiring a wide range of high-profile lobbyists as it looks to close two big pay-TV mergers.
Presidential candidate Bernie Sanders and three of his fellow progressive Senators have written the FCC, asking the agency to investigate what they term the "ridiculous" price of cable TV and broadband fees.
Although most analysts expect federal regulators to approve Charter Communications' bid to simultaneously buy Time Warner Cable and Bright House Networks, BTIG Research analyst Richard Greenfield remains highly skeptical.
While conceding his own companies "missed the boat a little bit" in letting upstart Netflix become the dominant force in over-the-top distribution, Liberty Media Chairman John Malone said his cable holdings, which include the burgeoning Charter Communications empire, are still well-positioned in an OTT future.
Charter Communications has issued a much-anticipated high-grade M&A bond as part of its $31 funding plan for the acquisition of Time Warner Cable.