Charter Communications
Charter Communications has over $20 billion in debt. The cable business usually drives reasonable cash flow, but Charter has to upgrade its system to better compete with telecom companies. Debt service is overwhelming operating income. The stock is down to $.15. Eighteen months ago, it was close to $5. Billionaire Paul Allen will get out while he can and sell to one of the other large cable companies. Charter recently said it is "exploring financial alternatives
Charter in trouble
Member #: 17933
Registered: 1996-2001
Posted:
51
Name:
Bryant Richmond
Name:
Bryant Richmond
Company:
Richmond Communications
Occupation:
Telecommunications Contractor
Location:
Fort Smith, AR
There are 7 replies to this message
