Charter sheds more broadband customers than expected as competition heats up
Update: 2025-10-31
Description
Charter Communications faces significant challenges in the third quarter, with a larger-than-expected drop in broadband subscribers and a continued decline in traditional cable TV customers. The company's stock price fell as investors expressed concern over these issues. Competition from wireless carriers offering fixed-wireless internet options is a major factor driving subscriber losses. Charter has attempted to counter this by bundling broadband internet with Spectrum Mobile plans and expanding into rural areas. Despite some improvement in video subscribers, Charter's revenue fell slightly short of expectations, and the company added fewer new mobile lines than in the previous year. With intense competition from cable rivals and the growing popularity of fixed-wireless internet, Charter must continue to innovate and adapt its strategy to maintain its customer base.
The Daily News Now! — Every city. Every story. AI-powered.
Hosted on Acast. See acast.com/privacy for more information.
Comments
In Channel
Download from Google Play
Download from App Store
United States00:00
00:00
x
