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CLAIM #14093 · Charter Communications Inc (CHTR) · 2023Q3 earnings call · Oct 27, 2023 · due Dec 31, 2023

And excluding the benefit of any savings that result from the project, we continue to expect our network evolution to cost a very low $100 per passing.

Chris Winfrey · CEO

PENDING
graded after results covering Dec 31, 2023 are reported

In context

latforms for both customers and employees will further reduce transactions, driving higher levels of customer satisfaction and employee satisfaction, driving tenure and quality. And finally, our evolution initiative, which is comprised of our network evolution project, our convergence efforts and our video product transformation, all of which remain on track. Our network evolution project continues to progress well and will allow us to maintain our fastest Internet and WiFi service claims in front of customers and competitors everywhere we operate. Unlike the telcos, which prioritize the most attractive footprints for upgrades, our multi-gig speed offerings will be available across our entire footprint. Our network evolution is good for the communities we serve, and it's good for Charter. And excluding the benefit of any savings that result from the project, we continue to expect our network evolution to cost a very low $100 per passing. We're very much on target. Whether we finish our network evolution initiative by the end of 2025 or mid-2026 will really depend on the supply chain for distributed access architecture components and managing annual capital spend, given the larger customer growth opportunity and construction speed of RDOF, where we're ahead of the build requirements and we'll end up with more passings than originally expected, state grants, and hopefully, beat passings. However, I want to reiterate and be very clear that where state BEAD rules are not conducive to private investment, we will not participate in those states. Our converged product offering also continues to evolve and succeed. Spectrum One is performing well and offers the fastest connectivity, with differentiated features like mobile Speed

Verify independently

SEC filings for CHTR · Claim quote is verbatim from the 2023Q3 earnings call.