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03 Aug

Charter® Suffers Huge Subscriber Loss In Q2

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Huge Subscriber Loss

One of the fastest internet providers in the United States, Charter Communications® recently confirmed that they had lost approximately 90,000 TV customers in the second quarter of 2017. Interestingly, the officials from the telecom company stated that they had lost 152,000 in the same period last year. So, they think that this is actually an improvement.

Despite the loss of TV subscribers, Charter® has still managed to position themselves as the second largest cable providers in the country and they are slightly behind Comcast®, who is currently the leading cable provider in the U.S. at present.

Reports indicate that Charter® was not the only telecom company who suffered customer losses during the second quarter. It seems that the telecom giant, AT&T® lost approximately 351,000 fiber TV and traditional satellite TV customers during the second quarter of the year, whereas Comcast Corporation® lost just 45,000 residential TV customers during the same period. Reports also claim that Verizon® shed only 15,000 Fios Video subscribers, which is actually an improvement on their part, because the telecom company had suffered a loss of 21,000 subscribers during Q1.

Charter® had finished the rollout of their Spectrum® brand and residential pricing and packaging in legacy Bright House Network® and TWC® areas back in June. The telecom company has also completed the switch to Spectrum® packaging and pricing for both small scale and large-scale businesses in Bright House Networks® and Time Warner Cable® markets earlier this m0nth.

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Spectrum® Packaging And Pricing

The chairman and CEO of Charter Communications®, Tom Rutledge said, “We are now offering a simple, high-value product across our 50 million passings, under one brand, Spectrum®. That product is working in the marketplace, and we continue to see higher year-over-year customer connect volumes across our new footprint.”

The second quarter of 2017 is certainly bad to Charter® when it comes to TV front, but on the broadband front, the telecom company has added about 231,000 residential internet subscribers. Reports indicate that the telecom giant ended the second quarter with 22.0 million residential broadband customers.

The officials from the telecom giant also stated that they are currently offering minimum broadband internet speed of 100 megabits per second to more than 50 percent of their customers. However, the minimum internet speed available to the remaining Charter® customers is 60 Mbps. So, despite the figures, your best bet at acquiring the best internet deal is still Charter®.

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