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CLAIM #14095 · Charter Communications Inc (CHTR) · 2023Q3 earnings call · Oct 27, 2023 · due Oct 27, 2024

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.

Chris Winfrey · CEO

CANNOT_DETERMINE
versus commitment · official band 5 percent
Committed
where state BEAD rules are not conducive to private investment, we will not participate in those states
Reported
That lower outlook reflects the most recent broadband map updates in terms of available unserved passings near our network and a little less favorable rules framework in BEAD when compared to RDOF and state grants.

In context

e 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 Boost and the Spectrum Mobile Network. Spectrum One also offers significant savings for customers, with market-leading pricing at both promotion and retail. Finally, turning to the evolution of our video product. Earlier this month, we launched our Xumo platform across our entire footprint. This industry-leading video platform allows our customers to access their linear and direct-to-consumer video content with unified search and discovery within one easy-to-use interface. Combined with our Spectrum TV app, the most viewed linear and VPD streaming service in the US, Xumo is now our go-to-market platform for

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