Charter Communications leaped up 22 spots from No. 96 to No. 74 following the 2016 acquisition of Time Warner Cable and Bright House Networks. With the combined entity rebranded under Spectrum to consumers, Charter experienced the second-most growth in revenue (up 43.4% to $41.58 billion) among Fortune 500 telecommunications companies, behind only Verizon, and grew its profit (up 180.9% to $9.9 billion) the most out of all its rival companies. Reports suggest a merge with Sprint could be in the cards after its parent company, Softbank, purchased a 5% stake of Charter in the open market.
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News about Charter Communications
Analysts peg Charter, Comcast, and Dish as alternatives.
Regulators say Charter didn't meet conditions of the $57 billion deal.
Internet TV is a better value and more flexible for a growing audience.
The deal, announced on Sunday, would combine two of the four biggest wireless carriers in the U.S.