Charter continues to lose cable customers to cord-cutting, and its landline telephone user base is shrinking even faster. But the Connecticut-based telecom giant is flying high all the same thanks to healthy growth in its Internet business, which helped it post revenue growth of nearly 5% from the previous year. Meanwhile, the company also has a fledgling cell phone service business, Spectrum Mobile, which existing Internet customers can sign up for in a bundle. Investors like what they see: Charter’s share price is up approximately 34% in the past year, hitting an all-time high of $377 in May.
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News about Charter Communications
But it would be very good for consumers.
People are getting tired of Internet cable channel bundles, too.
This is your Data Sheet newsletter for Friday, February 22, 2019.
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