Stay on Top of Enterprise Technology Trends
Get updates impacting your industry from our GigaOm Research Community
Charter Communications (s chtr) 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.