Charter added 18% more broadband subscribers last quarter than a ...
Charter added 18% more broadband subscribers last quarter than a year earlier. The firm gained 76,400 customers, it said in a SEC filing outlining a plan to sell debt. That exceeded UBS analyst Aryeh Bourkoff’s forecast by 18%. Still,…
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the increase was less than the previous quarter, when Charter added almost 100,000 broadband customers. It had more than 2 million Sept. 30. The firm, set to sell $400 million in senior notes, said a preliminary review showed Q4 revenue rose as much as 5.4% to $1.35 billion. Cash flow fell as much as 3.7%. Sales and cash flow were lower than Bourkoff had expected, he wrote in an investor bulletin. Charter has more than $10 billion in debt.