Charter found profitability in 2009

Having to file for bankruptcy organization when it was facing a large debt load, it's clear 2009 was a tough year for Charter Communications. But it looks like things are looking up for Charter in 2010. Since emerging from Chapter 11 in November, Charter was able to come out fighting with a $12.7 billion profit for Q4 09.      

Filing for bankruptcy protection seems to have worked in Charter's favor. Not only did it enable the MSO to take $8 billion in debt off the table, but now heavy debt issues won't get in the way of growing subscriber revenue.

Fueled by gains in telephony, broadband data and commercial service revenue, Charter reported that revenue rose 3.3 percent, while annual revenue was up 4.3 percent. At the same time, Q4 basic video ARPU increased 8.1 percent to $117.43. In total, Charter has 4.8 million basic video, 3.2 million digital video, 3.1 million broadband data and 1.6 million telephone customers, respectively.

For more:
- CED has this article

Related articles
Charter's Smit makes switch to Comcast
Charter comes out of Chapter 11
Charter Q3: Declines continue, expects quick exit from Chapter 11
Charter's reorganization faces more objections

Suggested Articles

Microsoft does not report exact revenue amounts for Azure, but it said Azure revenue grew 64% in the latest quarter compared to the previous year.

U.K. broadband provider CityFibre is targeting 14 more cities for its all-fiber gigabit service.

While Cisco has embraced the concept of disaggregation, service providers need to carefully consider how they will implement it.