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CLAIM #14201 · Charter Communications Inc (CHTR) · 2024Q2 earnings call · Jul 26, 2024 · due Dec 31, 2026

And when our network evolution initiatives complete, we'll have a ubiquitous, symmetrical, multi-gig capable network supporting continued growth in data demand from customers and new applications such as AR, VR and AI.

Chris Winfrey · CEO

PENDING
graded after results covering Dec 31, 2026 are reported

How to check this claim

Look at: Percentage of network passings upgraded to symmetrical, multi-gig capable service (network evolution completion)

It came true if: Company reports network evolution initiatives substantially complete (>=90% of targeted passings upgraded to symmetrical multi-gig) by year-end 2026

Where: Company-disclosed network upgrade progress (10-K/10-Q disclosures, investor presentations, or earnings call commentary)

In context

rter, and we competed well compared to previous quarters against both wireline overbuild and cell phone Internet, each with expanded footprints. Overall churn remains at low levels, even with the end of the ACP program, and we remain confident in our ability to return to healthy, long-term growth. Our Internet product is faster and more reliable. Our pricing is lower when similarly bundled with mobile. We expect market activity and selling opportunities to pick up over time, and the cell phone companies will face challenges. as a customer bandwidth demands continue to grow. If we take a step back, our success will be premised on our high capacity, fully deployed network and the products it can deliver. We already have a one gigabit network everywhere we operate across 58 million passings. And when our network evolution initiatives complete, we'll have a ubiquitous, symmetrical, multi-gig capable network supporting continued growth in data demand from customers and new applications such as AR, VR and AI. All at an incremental investment of just a $100 per passing. Those wireline network capabilities are combined with mobile capabilities everywhere we operate, creating the nation's first converged network. Uniquely providing seamless connectivity and the fastest mobile service where 87% of traffic is delivered by our own gigabit capable WiFi network. And our converged connectivity product set is poised to get better through speed upgrades and over 43 million access points, which will grow with our own and our partner's ongoing WiFi router and CBRS access point deployment. That converged network is also expanding, covering more passings as we grow our footprint with high ROI construction opportunities in both rural and non-rural areas. As we show on slide 4 of today's investor presentation,

Verify independently

SEC filings for CHTR · Claim quote is verbatim from the 2024Q2 earnings call.