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Article: Charter: We're Growing Nicely.(Charter Communications Inc.)(Brief Article)
- Article from:
- Multichannel News
- Article date:
- February 19, 2001
- Author:
CopyrightCOPYRIGHT 2001 Reed Business Information, Inc. (US). This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Charter Communications Inc. reported operating cash-flow growth of 29 percent for the fourth quarter ended Dec. 31 - nearly triple the industry average and fueled by aggressive digital- and basic-cable subscriber growth.
Operating cash flow for the period was $433.2 million and revenue rose 15.8 percent, to $839.9 million.
Much growth came from new digital subscriptions. Charter averaged 17,500 digital installs for the quarter and 40,000 throughout the month of December. The company also showed strong growth in high-speed-data customers, ending with 252,400 subscribers.
Cable-modem installations nearly doubled, to 5,200 from 2,700 in the ...