Charter Communications was incorporated in Delaware in 1993. The company initially grew mostly through acquisitions.
By 1998, Charter was serving over 1 million customers. By 2002, that number grew to 6.8 million.
The company went public in 1999 after acquiring 10 companies in the previous year.
In 2005, four former executives were indicted for inflating subscriber base numbers.
In 2009, the company filed for Chapter 11 bankruptcy. The company emerged from bankruptcy late the same year after dropping $8 billion in debt from their books.
In 2010, Paul Allen resigned from his chairman position. The company also signed an agreement to provide content via TiVo.
In 2012, the company headquarters were relocated from Town and Country, Missouri to Stamford, Connecticut.
The company purchased Time Warner Cable and Bright House Networks in May of 2016 for $55 billion and $10.4 billion, respectively. Both the Time Warner and Bright House names will be eliminated over the next few years, with all services to take on the Charter and Spectrum name.
However, in July 2018, the New York State Public Service Commission revoked Charter’s ability to do business in the state and ordered them to find a replacement company.
After this latest acquisition, Charter Communications currently provides cable television, high-speed internet, and phone service to over 25 million Americans in 41 states. The company is now the second largest provider of telecommunications in America, just slightly behind Comcast. The Better Business Bureau gives the company an A+ rating as of April of 2017, as well as listing michael.henry@charter.com as a complaint email address.
Charter Communications was incorporated in Delaware in 1993. The company initially grew mostly through acquisitions.
By 1998, Charter was serving over 1 million customers. By 2002, that number grew to 6.8 million.
History
The company went public in 1999 after acquiring 10 companies in the previous year.
In 2005, four former executives were indicted for inflating subscriber base numbers.
In 2009, the company filed for Chapter 11 bankruptcy. The company emerged from bankruptcy late the same year after dropping $8 billion in debt from their books.
In 2010, Paul Allen resigned from his chairman position. The company also signed an agreement to provide content via TiVo.
In 2012, the company headquarters were relocated from Town and Country, Missouri to Stamford, Connecticut.
The company purchased Time Warner Cable and Bright House Networks in May of 2016 for $55 billion and $10.4 billion, respectively. Both the Time Warner and Bright House names will be eliminated over the next few years, with all services to take on the Charter and Spectrum name.
However, in July 2018, the New York State Public Service Commission revoked Charter’s ability to do business in the state and ordered them to find a replacement company.
After this latest acquisition, Charter Communications currently provides cable television, high-speed internet, and phone service to over 25 million Americans in 41 states. The company is now the second largest provider of telecommunications in America, just slightly behind Comcast. The Better Business Bureau gives the company an A+ rating as of April of 2017, as well as listing michael.henry@charter.com as a complaint email address.
