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Charter Communications Announces Operational Model Shift and Acquisition of Cox Communications

The Motley Fool +1 · ·by G4L

CHTR
CHTR Charter Communications Inc
$136.31 +1.68%
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  1. 1Charter Communications announced a fundamental change in its operating model to reverse the decline in internet customers.
  2. 2Charter Communications completed the acquisition of Cox Communications, securing 11 million additional passings and over 5 million additional customers for Charter.
  3. 3Management set a target net debt to adjusted EBITDA ratio of 3.5x within three years.

So what's the key point?

Charter Communications is changing its operating method and bought Cox Communications to increase its internet customer base. This acquisition has secured more than 5 million new customers.

Source The Motley Fool +1 · View original ↗

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