Charter Says Bankruptcy Won't Affect Speed Upgrades

Charter Communications today filed for Chapter 11 bankruptcy to rid its balance sheet of $8 billion in debt, but that apparently will have no affect on the company’s plans to roll out upcoming speed boosts. I feel unusually credulous writing this, but Charter spokeswoman Anita Lamont told me, “What’s happening on the balance sheet won’t affect our operations.” Perhaps that optimism is how a cable company with 5.5 million customers, $6.48 billion in sales and a $2.451 billion net loss for 2008 found itself with $21.67 billion in debt. No matter, Charter has said it plans to roll out DOCSIS 3.0 upgrades in a few markets in 2009, although Lamont declined to say which ones.

You're subscribed! If you like, you can update your settings


Comments have been disabled for this post