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America’s second largest cable & broadband provider: Charter Communications (CHTR) (1983)

Charter Communications Inc. (CHTR) was founded in 1999 and is headquartered in Stamford, Connecticut, USA. It has 94,800 employees. After completing the acquisition of Time Warner Cable in 2016 , it is currently It is the second largest cable operator in the United States after Comcast .

Charter Communications CHTR Logo

Charter Communications (CHTR):

Charter Communications, Inc. provides entertainment, information and communications solutions to residential and commercial customers in the United States through its subsidiaries.

Chat Communication Company provides:

Cable film and television program services, including basic and digital film and television, premium channels, on-demand, pay-per-view, high-definition television, digital recording services, and Charter TV application software, allowing film and television customers to use different tools including iPhone, iPad , iPod Touch, Android tablet computer search and find video content.

Network services, such as residential network access services, Charter.net is a network portal site that provides diverse e-mail addresses, various entertainment, games, news and sports content. Charter Security Suite protects computers from viruses and spy software, and also provides parental monitoring.

In addition, the company provides telephone services with voice communication services, mainly using voice through network communication and data transmission technology. Broadband communication solutions include film and television entertainment services, convenient Internet access, corporate phone services, data networks, and fiber optic network connections. The cellular tower of the building of enterprises and telecommunications operators.

As of December 31, 2017, the number of residential and corporate users of Chartered Communications Company was approximately 27.2 million.

Charter Communications (CHTR) History:

  • Charter Communications was founded in 1993 by Barry Babcock, Jerald Kent and Howard Wood.
  • In 1995, Charter acquired a controlling stake in Crown Media and acquired Cable South for $300 million.
  • In 1997, Charter and EarthLink merged.
  • In 1998, it acquired Marcus Cable, a cable television company for US$2.8 billion. In the same year, Charter Communications had more than 1 million subscribers.
  • In November 1999, Charter IPO and trading on NASDAQ, at this time, the company’s users have exceeded 3.9 million.
  • 1999 was also the year of Charter’s acquisition. First, it acquired Cable Systems under the American Limited Entertainment Company; then it acquired InterMedia Partners; then it merged with Marcus Cable; and then it acquired Rifkin Acquisition Partners’ limited TV system; Later, it acquired the New Jersey company Greater Media Inc; then, it acquired Renaissance Media Group of New York; then, it acquired Helicon Cable Communications of New Jersey; and later, it acquired Avalon Cable TV, which mainly serves Massachusetts and Michigan. Company; In the same year, it also successively acquired Vista Broadband Communications, Los Angeles Falcon Cable TV, Denver’s Fanch Communications Inc., etc.
  • In December 1999, Charter and AT&T Corporation completed 1.3 million user calls to increase user concentration and reduce costs.
  • In 2001, MSN and Charter reached an agreement to provide MSN content services to Charter’s broadband users.
  • In 2002, the US Department of Justice investigated Charter Communications.
  • In 2008, Charter acquired franchise cable company.
  • On November 30, 2009, Charter Communications’ bankruptcy protection application was approved.
  • On September 14, 2010, Charter re-IPO and listed on NASDAQ, stock code: CHTR.
  • In 2012, Charter paid off its long-term and short-term debts at a price of US$1.25 billion.
  • In February 2013, Charter acquired the former Optimum West cable television system under Cablevision Systems Corp. (NYSE: CVC).
  • On February 8, 2013, Charter acquired the former Bresnan Communications Systems Company for $1.63 billion.
  • On January 13, 2014, Charter Communications disclosed its intention to acquire Time Warner Cable (Time Warner).
  • On March 31, 2015, Charter announced that it would acquire Bright House Networks for USD 10.4 billion.
  • On May 26, 2015, Charter announced that it would acquire Time Warner , the second largest limited television company in the United States, for USD 55 billion , realizing that small fish eat big fish.
  • May 18, 2016, Chart Communications (Charter Communications) to 56 billion US dollars acquisition of the nation’s second-largest cable company survived 25 years – Time Warner Cable (Time Warner Cable).

Charter Communications (CHTR) investment:

Charter’s acquisition of Time Warner Cable does not seem to be favored by the market, as can be seen from the sharp drop of over -1.5% in its share price the day after it announced the acquisition. On the contrary, Time Warner closed sharply higher, due to the 14% premium of Charter’s purchase amount to the closing price of TWX.

Acquisitions in the U.S. market are different from A-shares. The concepts of A-shares involving acquisitions, mergers, and restructuring are generally skyrocketing, while Wall Street pays more attention to the contribution to performance. Often the stock price of the party that initiates the acquisition will fall. Premium prices tend to rise sharply.

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