DOCSLIB.ORG

Charter Communications Operating, LLC Charter Communications Operating Capital Corp

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Charter Communications Operating, LLC Charter Communications Operating Capital Corp Charter Communications Operating, LLC Charter Communications Operating Capital Corp. Quarterly Report For the three and six months ended June 30, 2010 Charter Communications Operating, LLC Charter Communications Operating Capital Corp. Quarterly Report for the Period ended June 30, 2010 Table of Contents PART I. FINANCIAL INFORMATION Page Item 1. Financial Statements - Charter Communications Operating, LLC and Subsidiaries Condensed Consolidated Balance Sheets as of June 30, 2010 and December 31, 2009 4 Condensed Consolidated Statements of Operations for the three and six months ended June 30, 2010 and 2009 5 Condensed Consolidated Statements of Cash Flows for the six months ended June 30, 2010 and 2009 6 Notes to Condensed Consolidated Financial Statements 7 Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 18 Item 3. Quantitative and Qualitative Disclosures about Market Risk 28 Item 4. Controls and Procedures 29 PART II. OTHER INFORMATION Item 1. Legal Proceedings 30 Item 1A. Risk Factors 32 This quarterly report is for the three and six months ended June 30, 2010. In this quarterly report, "we," "us" and "our" refer to Charter Communications Operating, LLC and its subsidiaries. CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS: This quarterly report includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), regarding, among other things, our plans, strategies and prospects, both business and financial including, without limitation, the forward-looking statements set forth in the "Results of Operations" and "Liquidity and Capital Resources" sections under Part I, Item 2. "Management’s Discussion and Analysis of Financial Condition and Results of Operations" in this quarterly report. Although we believe that our plans, intentions and expectations reflected in or suggested by these forward-looking statements are reasonable, we cannot assure you that we will achieve or realize these plans, intentions or expectations. Forward-looking statements are inherently subject to risks, uncertainties and assumptions including, without limitation, the factors described under "Risk Factors" under Part II, Item 1A and the factors described under “Risk Factors” under Part I, Item 1A of our most recent Annual Report. Many of the forward-looking statements contained in this quarterly report may be identified by the use of forward-looking words such as "believe," "expect," "anticipate," "should," "planned," "will," "may," "intend," "estimated," "aim," "on track," "target," "opportunity," “tentative,” “positioning” and "potential," among others. Important factors that could cause actual results to differ materially from the forward-looking statements we make in this quarterly report are set forth in this quarterly report and in other reports or documents, and include, but are not limited to: • our ability to sustain and grow revenues and cash flows from operating activities by offering video, high-speed Internet, telephone and other services to residential and commercial customers, and to maintain and grow our customer base, particularly in the face of increasingly aggressive competition and the difficult economic conditions in the United States; • the impact of competition from other distributors, including but not limited to incumbent telephone companies, direct broadcast satellite operators, wireless broadband providers, and digital subscriber line ("DSL") providers and competition from video provided over the Internet; • general business conditions, economic uncertainty or downturn, high unemployment levels and the significant downturn in the housing sector and overall economy; • our ability to obtain programming at reasonable prices or to raise prices to offset, in whole or in part, the effects of higher programming costs (including retransmission consents); • our ability to adequately deliver customer service; • the effects of governmental regulation on our business; • the availability and access, in general, of funds to meet our and our parent companies’ debt obligations, prior to or when they become due, and to fund our operations and necessary capital expenditures, either through (i) cash on hand, (ii) cash flows from operating activities, (iii) access to the capital or credit markets including through new issuances, exchange offers or otherwise, especially given recent volatility and disruption in the capital and credit markets, or (iv) other sources and our and our parent companies’ ability to fund debt obligations (by dividend, investment or otherwise) to the applicable obligor of such debt; and • our and our parent companies’ ability to comply with all covenants in our and our parent companies’ indentures and credit facilities, any violation of which, if not cured in a timely manner, could trigger a default of our and our parent companies’ other obligations under cross-default provisions. All forward-looking statements attributable to us or any person acting on our behalf are expressly qualified in their entirety by this cautionary statement. We are under no duty or obligation to update any of the forward-looking statements after the date of this quarterly report. 3 PART I. FINANCIAL INFORMATION. Item 1. Financial Statements. CHARTER COMMUNICATIONS OPERATING, LLC AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (DOLLARS IN MILLIONS) Successor June 30, December 31, 2010 2009 (Unaudited) ASSETS CURRENT ASSETS: Cash and cash equivalents $ 34 $ 506 Restricted cash and cash equivalents 27 27 Accounts receivable, less allowance for doubtful accounts of $23 and $11, respectively 248 247 Prepaid expenses and other current assets 35 45 Total current assets 344 825 INVESTMENT IN CABLE PROPERTIES: Property, plant and equipment, net of accumulated depreciation 6,867 6,797 Franchises 5,269 5,272 Customer relationships, net 2,167 2,335 Goodwill 951 951 Total investment in cable properties, net 15,254 15,355 OTHER NONCURRENT ASSETS 159 38 Total assets $ 15,757 $ 16,218 LIABILITIES AND MEMBERS’ EQUITY CURRENT LIABILITIES: Accounts payable and accrued expenses $ 780 $ 727 Payables to related party 230 225 Current portion of long-term debt -- 70 Total current liabilities 1,010 1,022 LONG-TERM DEBT 8,674 10,044 LOANS PAYABLE – RELATED PARTY 542 494 OTHER LONG-TERM LIABILITIES 319 275 MEMBERS’ EQUITY: Member’s equity 5,019 4,158 Accumulated other comprehensive loss (50) -- Total Charter Operating member’s equity 4,969 4,158 Noncontrolling interest 243 225 Total members’ equity 5,212 4,383 Total liabilities and members’ equity $ 15,757 $ 16,218 The accompanying notes are an integral part of these condensed consolidated financial statements. 4 CHARTER COMMUNICATIONS OPERATING, LLC AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (DOLLARS IN MILLIONS) Unaudited Three Months Ended Six Months Ended Successor Predecessor Successor Predecessor June 30, June 30, June 30, June 30, 2010 2009 2010 2009 REVENUES $ 1,771 $ 1,690 $ 3,506 $ 3,352 COSTS AND EXPENSES: Operating (excluding depreciation and amortization) 766 715 1,517 1,428 Selling, general and administrative 364 343 716 687 Depreciation and amortization 380 329 749 650 Other operating (income) expenses, net 7 2 19 (48) 1,517 1,389 3,001 2,717 Income from operations 254 301 505 635 OTHER EXPENSES: Interest expense, net (140) (132) (275) (313) Reorganization items, net (1) (160) (5) (252) Loss on extinguishment of debt (18) -- (18) -- Other expenses, net -- -- -- (3) (159) (292) (298) (568) Income before income taxes 95 9 207 67 INCOME TAX EXPENSE -- (4) (6) (7) Consolidated net income 95 5 201 60 Less: Net income – noncontrolling interest (9) (11) (18) (22) Net income (loss) – Charter Operating member $ 86 $ (6) $ 183 $ 38 The accompanying notes are an integral part of these condensed consolidated financial statements. 5 CHARTER COMMUNICATIONS OPERATING, LLC AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (DOLLARS IN MILLIONS) Unaudited Six Months Ended Successor Predecessor June 30, June 30, 2010 2009 CASH FLOWS FROM OPERATING ACTIVITIES: Consolidated net income $ 201 $ 60 Adjustments to reconcile net income to net cash flows from operating activities: Depreciation and amortization 749 650 Noncash interest expense 48 11 Noncash reorganization items, net -- 83 Loss on extinguishment of debt 17 -- Deferred income taxes 2 3 Other, net 13 23 Changes in operating assets and liabilities, net of effects from dispositions: Accounts receivable (1) 7 Prepaid expenses and other assets 10 (32) Accounts payable, accrued expenses and other 43 (127) Payable to related party 32 (47) Net cash flows from operating activities 1,114 631 CASH FLOWS FROM INVESTING ACTIVITIES: Purchases of property, plant and equipment (649) (540) Change in accrued expenses related to capital expenditures -- (19) Other, net (4) -- Net cash flows from investing activities (653) (559) CASH FLOWS FROM FINANCING ACTIVITIES: Borrowings of long-term debt 25 -- Borrowings from related parties 30 -- Repayments of long-term debt (1,614) (34) Repayments to related parties -- (75) Payments for debt issuance costs (31) -- Contributions 714 -- Distributions (54) -- Other, net (3) -- Net cash flows from financing activities (933) (109) NET DECREASE IN CASH AND CASH EQUIVALENTS (472) (37) CASH AND CASH EQUIVALENTS, beginning of period 533 946 CASH AND CASH EQUIVALENTS, end of period $ 61 $ 909 CASH
Load more

Recommended publications
  • Spinco to Be Known As Greatland Connections Inc
    Filed by Charter Communications Inc. Pursuant to Rule 425 under the Securities Act of 1933 and deemed filed pursuant to Rule 14a-12 under the Securities Exchange Act of 1934 Subject Company: Charter Communications Inc. Commission File No. 001-33664 The following is a joint press release that was issued on September 3, 2014 by Charter Communications, Inc. and Comcast Corporation: SpinCo to be known as GreatLand Connections Inc. STAMFORD, Conn. and PHILADELPHIA - September 3, 2014 - Charter Communications, Inc. (NASDAQ:CHTR) and Comcast Corporation (NASDAQ: CMCSA, CMCSK) today announced the name of the new cable company that will be spun off from Comcast upon completion of the Comcast - Time Warner Cable merger and the Comcast - Charter transactions. The company referred to as “SpinCo” or “Midwest Cable LLC” will be known as GreatLand Connections Inc. “We are pleased to publicly announce the name of this exciting new company we are building,” said Michael Willner, President and Chief Executive Officer of GreatLand Connections. “The name GreatLand Connections pays homage to the rich history and striking geographies of the diverse communities in which the company will operate. It brings to mind our commitment to connecting people and businesses with terrific products and excellent service in the almost 1000 historic communities - large and small - across the 11 states we will serve.” GreatLand Connections Inc., a new, independent, publicly-traded company, will own and operate former Comcast systems serving approximately 2.5 million customers across the Midwest and Southeast. At its inception, it is expected to be the fifth largest cable company in the United States.
    [Show full text]
  • Spectrum Charter Communications, Inc
    A Progressive Digital Media business COMPANY PROFILE Charter Communications, Inc. REFERENCE CODE: BD033134-503A-4198-A5F6-FE42651EF54C PUBLICATION DATE: 13 Sep 2017 www.marketline.com COPYRIGHT MARKETLINE. THIS CONTENT IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIED OR DISTRIBUTED Charter Communications, Inc. TABLE OF CONTENTS TABLE OF CONTENTS Company Overview ........................................................................................................3 Key Facts.........................................................................................................................3 SWOT Analysis ...............................................................................................................4 Charter Communications, Inc. Page 2 © MarketLine Charter Communications, Inc. Company Overview Company Overview COMPANY OVERVIEW Charter Communications Inc. (Charter or "the company") is a cable service provider offering entertainment, information and communications solutions to residential and commercial customers. The company primarily operates in the US. Charter headquartered in Stamford, Connecticut, the US. The company reported revenues of (US Dollars) US$29,003 million for the fiscal year ended December 2016 (FY2016), compared to a revenue of US$9,754 million in FY2015. In FY2016, the company’s operating margin was 11.2%, compared to an operating margin of 10.1% in FY2015. The net profit of the company was US$3,522 million in FY2016, compared to a net loss of US$271 million in FY2015. The company reported revenues of US$10,164 million for the first quarter ended March 2017, a decrease of 1.1% over the previous quarter. Key Facts KEY FACTS Head Office Charter Communications, Inc. 12405 Powerscourt Drive St. Louis Missouri St. Louis Missouri USA Phone 1 314 9650555 Fax 1 302 6365454 Web Address www.charter.com Revenue / turnover (USD Mn) 29,003.0 Financial Year End December Employees 91,500 NASDAQ Ticker CHTR Charter Communications, Inc.
    [Show full text]
  • Website News Netflix Will Support Charter
    Filed by Charter Communications, Inc. Pursuant to Rule 425 under the Securities Act of 1933 and deemed filed pursuant to Rule 14a-12 under the Securities Act of 1934 Subject Company: Time Warner Cable Inc. Commission File No. 001-33335 The following is information made available online in the Charter Resource Center on Charter’s website. WEBSITE NEWS NETFLIX WILL SUPPORT CHARTER ACQUISITION OF TIME WARNER CABLE Originally appeared in Bloomberg By: Alex Sherman July 15, 2015 Netflix Inc. said it will support Charter Communications Inc.’s $55 billion acquisition of Time Warner Cable Inc. in return for settlement-free “peering” until 2018, according to filings the companies sent to the Federal Communications Commission Tuesday. Charter filed a document with the FCC stating that it won’t charge any website to deliver its content more efficiently until at least Dec. 31, 2018. Netflix filed a separate document committing to supporting Charter’s deal for Time Warner Cable announced in May. Netflix opposed Comcast Corp.’s failed bid for Time Warner Cable after reluctantly agreeing last year to pay Comcast for faster access. Click here for more: [http://www.bloomberg.com/news/articles/2015-07-15/netflix-will-support-charter-acquisition-of-time-warner- cable] Posted on July 15, 2015 in News ### WHY NETFLIX IS GETTING BEHIND A HUGE CABLE MERGER Originally appeared in Washington Post By: Brian Fung July 15, 2015 This is huge. Charter just attracted a really important ally in its attempt to purchase Time Warner Cable, making it that much more likely that federal regulators will approve the $55 billion mega-deal.
    [Show full text]
  • Website News
    Filed by Charter Communications, Inc. Pursuant to Rule 425 under the Securities Act of 1933 and deemed filed pursuant to Rule 14a-12 under the Securities Act of 1934 Subject Company: Time Warner Cable Inc. Commission File No. 001-33335 The following is information made available online in the Charter Resource Center on Charter’s website. Website News NETFLIX SUPPORTS CHARTER TAKEOVER OF TIME WARNER CABLE Originally appeared in bizjournals.com By: Angela Mueller July 17, 2015 Charter Communications Inc. (NASDAQ:CHTR) has won the backing of Netflix as it seeks regulatory approval of its pending acquisition of Time Warner Cable Inc. (NYSE:TWC), a deal that would merge two of the largest cable companies in the U.S. Netflix Inc. (NASDAQ:NFLX) said in filings with the Federal Communications Commission that it will support Charter's planned acquisition of Time Warner Cable and Bright House Networks in exchange for access to Charter's customers, Bloomberg reports. Charter has announced a new "peering" policy through which it will not charge any website for faster Internet access, a pledge that is important for video-streaming services such as Netflix. In light of the new policy, Netflix has said it will support Charter's acquisition of Time Warner Cable. Netflix opposed Comcast Corp.'s (NASDAQ:CMCSA) previous failed attempt to takeover Time Warner Cable and had been seen by analysts as a potential threat to Charter's deal. Gaining the support of Netflix, a major customer of Charter and Time Warner Cable, could help Charter in its bid to win regulatory approval for its planned acquisition, The Wall Street Journal reports.
    [Show full text]
  • TAM-Charter Communications-Comcast Testimony
    Testimony of Telecommunications Association of Maine (TAM), Charter Communications and Comcast LD 221, An Act Making Unified Appropriations and Allocations for the Expenditures of State Government, General Fund and Other Funds and Changing Certain Provisions of the Law Necessary to the Proper Operations of State Government for the Fiscal Years Ending June 30, 2021, June 30, 2022 and June 30, 2023 February 24, 2021 Senator Breen, Senator Lawrence, Representative Pierce, Representative Berry and members of the Joint Standing Committees on Appropriations and Financial Affairs and Energy, Utilities and Technology. We are writing in support of LD221 Part AA on behalf of the Telecommunications Association of Maine, Charter Communications and Comcast. High speed internet is critical to our daily lives – now more than ever. While 95% of Mainers have access to a minimum broadband speed of 25x3 Mbps there is still work to be done whether that is through extending services for people to get access to the Internet and supporting residents to help them get access through a federal or state subsidy program. Part AA of the proposed biennial budget clarifies that the Connect Maine 10 cent surcharge applies to all entities that pay into the E911 fund, including wireless providers. The Part AA proposal also provides an opportunity to further simplify and streamline customer bills by transitioning the separate .25% fee into a flat fee applicable to ALL providers. This flat fee will accomplish the following: Simplifies fees on consumer bills; single surcharge that applies to all providers Provides more consistency for budgeting (flat fee rather than a percentage) Simplifies reporting Provides parity among providers and is competitively neutral Consumers use of wired and wireless technologies is quickly evolving, the lines between wireless and wireline are irrelevant to customers, who just wish to connect to the Internet.
    [Show full text]
  • Before the FEDERAL COMMUNICATIONS COMMISSION Washington, D.C. 20554 in the Matter of Conditions Imposed in the Charter Comm
    Before the FEDERAL COMMUNICATIONS COMMISSION Washington, D.C. 20554 ) In the Matter of ) ) Conditions Imposed in the Charter ) WC Docket No. 16-197 Communications-Time Warner Cable- ) Bright House Networks Order ) ) REPLY OF CHARTER COMMUNICATIONS, INC. John L. Flynn Elizabeth Andrion Johanna R. Thomas Senior Vice President, Regulatory Affairs Gregory R. Capobianco Maureen O’Connell Jonathan A. Langlinais Vice President, Regulatory Affairs JENNER & BLOCK LLP CHARTER COMMUNICATIONS, INC. 1099 New York Avenue, NW 601 Massachusetts Avenue, NW Suite 900 Suite 400W Washington, DC 20001 Washington, DC 20001 (202) 639-6000 (202) 621-1900 Counsel for Charter Communications, Inc. August 6, 2020 TABLE OF CONTENTS INTRODUCTION ...........................................................................................................................1 ARGUMENT ...................................................................................................................................3 I. THE CONDITIONS WERE PUT IN PLACE TO ENSURE THE VIABILITY OF OVDS, AND THE RECORD CONFIRMS THEY ARE THRIVING. ..............................3 II. CHARTER HAS DEMONSTRATED THAT THE CONDITIONS ARE NO LONGER NEEDED TO PROTECT THE OVD MARKETPLACE. .................................8 A. Charter’s Incentive Is to Support Its Broadband Business, Which Relies on Consumer Demand for OVDs. .................................................................................8 B. No Particular Level of BIAS Competition Is Required to Sunset the Conditions, and BIAS Options Are
    [Show full text]
  • Shenandoah Telecommunications Company (Exact Name of Registrant As Specified in Its Charter)
    UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of Earliest Event Reported): May 6, 2016 Shenandoah Telecommunications Company (Exact name of registrant as specified in its charter) Virginia 0-9881 54-1162807 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.) 500 Shentel Way P.O. Box 459 Edinburg, Virginia 22824 (Address of principal executive offices) (Zip Code) (540) 984-4141 (Registrant’s telephone number, including area code) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Introductory Note As previously disclosed, on August 10, 2015, Shenandoah Telecommunications Company (the “Company”), NTELOS Holdings Corp. (“nTelos”) and Gridiron Merger Sub, Inc., a wholly-owned subsidiary of the Company (“Merger Sub”), entered into an Agreement and Plan of Merger (the “Merger Agreement”). On May 6, 2016 (the “Closing Date”), pursuant to the Merger Agreement, Merger Sub merged with and into nTelos, with nTelos becoming a direct, wholly-owned subsidiary of the Company (the “Merger”).
    [Show full text]
  • State Attorneys General, As Well As Their Partners in the Federal Government and Telecommunications Industry, Illegal Robocalls and Caller ID Spoofing
    which small voice service providers would be subject to an expedited STIR/SHAKEN deadline. However, one general principle is clear—small voice service providers that “flood the network with illegal robocalls should not be permitted to take advantage of an extension aimed at mitigating hardship for good actors with limited resources.”3 Based upon the available evidence, we support the Commission’s proposed conclusion4 that a subset of small voice service providers are more often responsible for illegal robocalls, with such providers originating a high and increasing share of illegal robocalls relative to their subscriber base. Furthermore, while shortening the extension period by one year is a good starting point, we strongly encourage the Commission to require this subset of small voice providers to implement STIR/SHAKEN as soon as possible.5 Many Americans are still struggling as a result of the coronavirus pandemic, including our most vulnerable populations. Their struggles are compounded by the twin scourges of illegal robocalls and caller ID spoofing, both of which are used to perpetrate scams, including scams related to the coronavirus pandemic. For the State Attorneys General, as well as their partners in the federal government and telecommunications industry, illegal robocalls and caller ID spoofing 3 Comments of ACA, at 2; see also Comments of NTCA, at 2 (supporting attention on “bad actor” voice providers that enable robocalling and spoofing); Comments of Incompas, at 3 (supporting the targeting of the subset of providers at
    [Show full text]
  • Michigan Broadband Providers by County
    Michigan Broadband Providers by County July 31, 2018 MAXIMUM MAXIMUM PROVIDER DOING- ADVERTISED ADVERTISED COUNTY PROVIDER TECHNOLOGY WEBSITE BUSINESS-AS NAME DOWNLOAD UPLOAD SPEED (Mbps) SPEED (Mbps) Alcona Allband Communications Allband Communications Fiber http://allband.org 100 100 Cooperative Cooperative Alcona Allband Communications Allband Multimedia, LLC Fiber http://allband.org 100 50 Cooperative Alcona AT&T Mobility LLC AT&T Mobility Mobile Wireless https://www.att.com/shop/wirele ss.html n/a n/a Alcona AT&T Services, Inc. AT&T Michigan DSL http://www.att.com/local/michig 24 3 an/ Alcona Cellco Partnership and its Verizon Wireless Mobile Wireless http://www.verizonwireless.com Affiliated Entities n/a n/a Alcona CenturyLink, Inc. CenturyLink DSL http://www.centurylink.com 100 10 Alcona Charter Communications Spectrum Cable http://www.charter.com 100 5 Inc. Alcona Custom Software, Inc. M33 Access Fixed Wireless http://www.m33access.com 10 2 Alcona Frontier Communications of Frontier Communications DSL https://frontier.com 24 2 Michigan, Inc. Alcona Hughes Network Systems, Hughes Network Systems, Satellite http://www.hughesnet.com 25 3 LLC LLC Alcona I-2000, Inc. I-2000, Inc. DSL http://www.i2k.net 24 1 Alcona NorthNet LLC NorthNet LLC Fixed Wireless P.O. Box 120 TAWAS CITY MI 5 2 48764 Alcona Sprint Nextel Corporation Sprint Mobile Wireless http://www.sprint.com 8 3 Alcona T-Mobile USA, Inc. T-Mobile Mobile Wireless http://www.t-mobile.com n/a n/a Alcona ViaSat, Inc. ViaSat, Inc. Satellite https://www.viasat.com 30 3 Page 1 of 83 MAXIMUM MAXIMUM PROVIDER DOING- ADVERTISED ADVERTISED COUNTY PROVIDER TECHNOLOGY WEBSITE BUSINESS-AS NAME DOWNLOAD UPLOAD SPEED (Mbps) SPEED (Mbps) Alger AT&T Mobility LLC AT&T Mobility Mobile Wireless https://www.att.com/shop/wirele ss.html n/a n/a Alger Cellco Partnership and its Verizon Wireless Mobile Wireless http://www.verizonwireless.com Affiliated Entities n/a n/a Alger Charter Communications Spectrum Cable http://www.charter.com 100 5 Inc.
    [Show full text]
  • WC Docket No. 16-197, Conditions Imposed in the Charter Communications-Time Warner Cable Bright House Networks Order
    July 22, 2020 Marlene H. Dortch, Secretary Federal Communications Commission Office of the Secretary 445 12th Street, SW Washington, DC 20554 Re: WC Docket No. 16-197, Conditions Imposed in the Charter Communications-Time Warner Cable Bright House Networks Order Ms. Dortch: New America’s Open Technology Institute (“OTI”) urges the Commission to deny Charter’s petition to prematurely rescind two conditions associated with the company’s 2016 acquisition of Time Warner Cable and Bright House Networks.1 The Commission wisely created the conditions in response to clear evidence of harm, presented by OTI and others, and market reality. That reality has not changed and, indeed, Charter has presented no evidence to justify its petition. I. Charter Fundamentally Misunderstands the Interconnection Condition and Ignores the Millions of Consumers it is Designed to Protect Charter’s petition fundamentally misunderstands the basis for the interconnection condition and ignores the markets and consumer interests it was designed to protect. The petition focuses inordinately on a handful of fatuous anecdotes about online video distributors such as Netflix—which misses the point entirely. As the Commission explained in its 2016 order approving the Charter merger, “We find that the transaction will enable New Charter to impose higher costs on edge providers, transit services, and CDNs due to its increased market power … We 1 Petition of Charter Communications, Inc., WC Docket No. 16-197 (June 17, 2020) (“Charter Petition”). 1 conclude that increased interconnection costs can disrupt the virtuous cycle of innovation by diverting funds towards interconnection fees that could have otherwise been used for further innovation or price reductions for consumers.”2 The interconnection condition was not designed merely to ensure that Netflix could operate.
    [Show full text]
  • Charter Fact Sheet
    Our National Impact EMPOWERING OPPORTUNITY FROM COAST TO COAST Charter Communications is a leading broadband connectivity company and cable operator serving MORE THAN more than 31 million customers in 41 states under the brand name Spectrum. Over an advanced 31 M 96,000 CUSTOMER EMPLOYEES communications network, we offer a full range of RELATIONSHIPS state-of-the-art broadband internet, video, voice, and mobile services. $20 48% We’re driving innovation and growing economies from PER HOUR OF EMPLOYEES coast to coast and in communities big and small. From MINIMUM WAGE IDENTIFY AS A 2016-2020 alone, Charter invested nearly $40 billion IN 2022 PERSON OF COLOR in infrastructure and technology – contributing significantly to the US economy. NEARLY NEARLY Every day, we work to deliver on our core business $40B 750,000 objective: providing superior products with great INVESTED IN MILES OF NETWORK customer service. INFRASTRUCTURE & INFRASTRUCTURE TECHNOLOGY All data as of December 31, 2020 unless otherwise noted policy.charter.com Our National Impact MEETING CUSTOMER NEEDS WITH SUPERIOR PRODUCTS AND SERVICES Spectrum Internet: Spectrum delivers minimum speeds Spectrum Voice: One of the largest voice providers in the of at least 200 Mbps in nearly 75% of our footprint and nation, offering unlimited local and long-distance calling. 100 Mbps across the remainder and offers speeds as high Spectrum Voice offers unlimited local and long distance as 1 gigabit across virtually our entire national footprint. calling to the U.S., Canada, Mexico, Puerto Rico, Guam, U.S. Spectrum Internet offers fast, reliable service with no Virgin Islands, Northern Mariana Islands, and American modem fees, no contracts, and no data caps.
    [Show full text]
  • Conditions Imposed in the Charter Communications-Time Warner Cable- Bright House Networks Order WC Docket No
    July 22, 2020 Marlene Dortch, Secretary Federal Communications Commission 445 12th St SW Washington, DC 20554 RE: Conditions Imposed in the Charter Communications-Time Warner Cable- Bright House Networks Order WC Docket No. 16-197 Charter Communications has petitioned the Federal Communications Commission (FCC or Commission) to sunset certain merger conditions related to usage-based pricing and interconnection.1 The Information Technology and Innovation Foundation (ITIF) appreciates this opportunity to comment on this petition.2 ITIF writes in general support of Charter’s petition with the belief that flexibility in usage-based pricing and interconnection agreements are efficient mechanisms to recoup the high-costs of building and maintaining network infrastructure. ITIF also urges the Commission to consider a separate proceeding to attain light- touch oversight over broadband providers’ usage-based pricing and interconnection practices. BROADBAND PROVIDERS SHOULD HAVE PRICING FLEXIBLITY In order to see continued innovation in business models and efficient means to allocate scarce resources, companies should have the flexibility to adapt their pricing practices. Broadband pricing at both “sides” of the network—practices for consumers and for interconnection—needs to be able to recoup the large costs of complex broadband networks. Data Caps and Usage-Based Pricing are Not Necessarily Problematic Some press outlets that often write about data caps wrongly frame them as “unnecessary” because they are not 1 Petition of Charter Communications, Inc., WC Docket No. 16-197, (June 2020), https://ecfsapi.fcc.gov/file/10617776920059/Charter%20Merger%20Conditions%20Sunset%20Petition%20(6-17- 20).pdf. 2 Founded in 2006, ITIF is an independent 501(c)(3) nonprofit, nonpartisan research and educational institute—a think tank.
    [Show full text]