With a federal mandate to overbuild broadband subscribers by 2 million, Charter Communications (NASDAQ: CHTR) President and CEO Tom Rutledge said his company will not be providing other cable...
Charter Communications is poised to gain more market share in the small to medium and larger enterprise business markets-- two segments where it is still a young player.
Charter Communications President and CEO Tom Rutledge pocketed a modest 1.6 percent raise in 2015, bringing home $16.4 million in compensation, according to a Charter SEC filing.
Charter's business services division is reaping the benefits of realigning the unit to focus on the specific needs of small businesses and larger enterprise customers as revenues rose 12.3 percent year-over-year to $294 million.
Charter Communications is the latest cable company to take a lukewarm view of the FCC's upcoming 600 MHz spectrum auction, saying it's unlikely to participate. Like some other wireline service providers, Charter had been seen as a potential dark horse to leverage the spectrum sale to elbow its way into the mobile market.
Charter Communications shed light on its plans to roll out its Spectrum Guide cloud-based user interface, not just across its own footprint, but those of soon-to-be acquired cable systems for Time Warner Cable and Bright House Networks.
While the media and telecommunications industries have generally come to an agreement that cord-cutting is a significant threat to their businesses, cable industry titans are not as sure.
While the CEO of the MSO trying to acquire his company has been increasingly vocal about the issue of password sharing for authenticated video services, Time Warner Cable Chairman and CEO Rob Marcus says he's "not losing any sleep" over the issue.
Charter Communications has launched a new website that will cater to mid-to-large sized businesses looking for information about what business solutions and services the provider can offer, signaling that Charter is serious about going up market.
Cable companies including Comcast and Charter Communications continue to promise that they will eventually enter the mobile industry-- but what exactly they plan to do remains unclear.