Earnings: Charter Q4 Revs Up 9.9 Percent; Internet Up 17 Percent

Cable operator Charter (NSDQ: CHTR) has reported Q4 revenue of $1.55 billion, a 9.9 percent year-on-year increase from $1.41 billion. Net losses in the period expanded to $468 million ($1.27 per share) from $396 million ($1.08 million). The expanded loss is attributable to a one-time impairment charge. Core video revenue grew 2.5 percent to $850 million, while internet revenue was up 17 percent to $326 million. The company says it added 163,000 revenue generating units in the quarter and 835,000 in the year, a 15.3 percent increase compared to the prior year. A high percentage of these adds comes from digital telephony.

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Cable Operators
Charter Business Delivers Flexible Metro Ethernet-Based Services

"Charter Communications is a broadband communications company providing a full range of advanced services to the home and business. The Cisco Catalyst 3750 Metro Series switches, in particular, allow us to offer a wide range of Layer 2, Layer 3, and MPLS solutions to our customers from a single platform. That, in turn, allows us to save operational costs as well as capital expenditures."

- Sean Daugherty, Charter Communications, Inc., Western Division

Charter Communications began as a cable provider in 1993. Today, it is a Fortune 500 company with a diversified portfolio of advanced digital networking services for consumers and business customers. Charter Business provides a wide range of business-to-business video, data, and IP solutions for businesses throughout the United States. Although demand for economical advanced data networking services is rapidly accelerating among companies across the U.S., organizations outside of major markets (New York, San Francisco, Chicago, and Dallas, for example), often find it difficult to locate reliable, flexible networking services. Charter Business is one of the few service providers with a range of highly flexible, reliable data networking offerings and outstanding customer service for all sizes of customers.

The company is building out its network across the country using high-capacity fiber optic transport connections for Internet and point-to-point communications. Many of the company's existing and target customers already rely on networking solutions from Cisco Systems® and look to Charter Business to provide a range of solutions, including virtual private networks (VPNs), Metro Ethernet, Internet access, LAN extension, remote teleworker access, and point-to-multipoint networking connectivity.

Charter Business Delivers Flexible Metro Ethernet-Based Services

www.charter.com