Overview:
Founded in 1999, Charter Communications Inc. is a leading cable MSO (multi service operator) in the U.S. and is headquartered in Stamford, Connecticut. Charter Communications offers triple-play cable video programming, high-speed broadband (Internet) and voice (telephony) services to both residential and commercial customers. The company also provides advanced services such as, video-on-demand, high definition television (HDTV) and digital video recorder DVR. The products are primarily sold on a subscription basis to its customers. The company offers Charter TV Applications, which enable video customers to search and discover content on various devices, including the iPhone, iPad, iPod Touch, and Android-based tablets. Additionally, Charter Communications also sells local advertising on cable networks and the Internet and provides backhaul fiber connectivity to wireless towers.
Charter Communications operates through six reportable segments such as:
Residential Video: This segment comprises revenues from basic and digital video services provided to the company's residential customers, as well as franchise fees, equipment rental and video installation revenues. The segment accounted for 49.5% of the total revenue in the first quarter of 2014.
Residential Internet: This segment offers high-speed broadband Internet services to residential customers and accounted for nearly 28% of the total revenue in the first quarter of 2014.
Residential Voice: This segment offers telephony services to residential customers and generated over 6.8% of the total revenue in the first quarter of 2014.
Commercial: This segment consists of revenues from services offered to commercial (business enterprises) customers. The segment accounted for over 10.6% of the total revenue in the first quarter of 2014.
Advertising: This segment generates revenues from commercial advertising customers, programmers and other vendors and accounted for nearly 3.1% of the total revenue in the first quarter of 2014.
Other: Other revenues consist of home shopping, late payment fees, wire maintenance fees and other miscellaneous revenues. The segment generated the remaining 2% of the total revenue in the first quarter of 2014.
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