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
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