Charter narrows losses

6 Aug 2008

Cableco Charter Communications narrowed its losses in the second quarter of the year thanks to a rise in customer numbers. Net loss fell from USD360 million in Q2 2007 to USD276 million in the same period this year. Revenues grew 8.3% year-on-year to USD1.6 billion, roughly in line with analyst estimates. The company says monthly average revenue per user (ARPU) rose 12.2% annually to USD104.35, driven by the popularity of triple-play bundles of services. High speed internet subscriber numbers rose from 2.58 million in June 2007 to more than 2.78 million twelve months later, while the number of telephony customers increased from 701,300 to 1.17 million over the same period. The firm claimed to be serving 12.2 million ‘revenue generating units’ at the end of June, up from 11.4 million a year earlier.

United States, Charter Communications (Spectrum, incl. Spectrum Mobile)