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Charter Communications to Restructure Enterprise Business
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According to a recent report by LightReading, leading cable MSO (multi service operator) Charter Communications Inc. (CHTR - Free Report) has decided to rebrand its Enterprise Business Service division within the next three weeks. This signals the company’s intent to aggressively pursue high-speed fiber deployment for its enterprise clients.
Charter Communications recently acquired two big cable MSOs, namely, Time Warner Cable and Bright House Networks, which has positioned the company as the second largest cable MSO after Comcast Corp. (CMCSA - Free Report) . Notably, Charter Communications has already launched a rebranding drive for its triple-play residential service offering.
In recent days, the business services segment of the cable TV industry has become fiercely competitive. Verizon Communications Inc. (VZ - Free Report) has acquired fiber businesses of XO Communications, CenturyLink Inc. and Level 3 Communications Inc. have decided to merger and Frontier Communications Corp. has taken over a significant part of Verizon’s wireline business. All these stocks currently carry a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The rapidly developing business services division has become a major windfall for cable MSOs in the U.S., and Charter Communications being no exception to this trend and has been aggressively targeting this space. Notably, in the third quarter of 2016, the company’s commercial revenue totaled $1.38 billion. Meanwhile, Charter Communications has launched a website – enterprise.spectrum.com – that will offer content and particulars regarding reliable and scalable network solutions specifically for mid and large-sized business organizations.
We believe increased investments in the enterprise segment are likely to boost Charter Communications’ top line, going forward. After its acquisition of Time Warner Cable, the company gained a huge base of large enterprise customers. The combined entity is likely to achieve the necessary economies of scale to serve large business enterprises. Further, the company plans to launch a full Spectrum small business product, pricing and packaging in Time Warner Cable and Bright House markets in early to mid-2017.
Charter Communications currently carries a Zacks Rank #4 (Sell).
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Charter Communications to Restructure Enterprise Business
According to a recent report by LightReading, leading cable MSO (multi service operator) Charter Communications Inc. (CHTR - Free Report) has decided to rebrand its Enterprise Business Service division within the next three weeks. This signals the company’s intent to aggressively pursue high-speed fiber deployment for its enterprise clients.
Charter Communications recently acquired two big cable MSOs, namely, Time Warner Cable and Bright House Networks, which has positioned the company as the second largest cable MSO after Comcast Corp. (CMCSA - Free Report) . Notably, Charter Communications has already launched a rebranding drive for its triple-play residential service offering.
In recent days, the business services segment of the cable TV industry has become fiercely competitive. Verizon Communications Inc. (VZ - Free Report) has acquired fiber businesses of XO Communications, CenturyLink Inc. and Level 3 Communications Inc. have decided to merger and Frontier Communications Corp. has taken over a significant part of Verizon’s wireline business. All these stocks currently carry a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The rapidly developing business services division has become a major windfall for cable MSOs in the U.S., and Charter Communications being no exception to this trend and has been aggressively targeting this space. Notably, in the third quarter of 2016, the company’s commercial revenue totaled $1.38 billion. Meanwhile, Charter Communications has launched a website – enterprise.spectrum.com – that will offer content and particulars regarding reliable and scalable network solutions specifically for mid and large-sized business organizations.
We believe increased investments in the enterprise segment are likely to boost Charter Communications’ top line, going forward. After its acquisition of Time Warner Cable, the company gained a huge base of large enterprise customers. The combined entity is likely to achieve the necessary economies of scale to serve large business enterprises. Further, the company plans to launch a full Spectrum small business product, pricing and packaging in Time Warner Cable and Bright House markets in early to mid-2017.
Charter Communications currently carries a Zacks Rank #4 (Sell).
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Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors. Starting today, for the next month, you can have unrestricted access. Click here for Zacks' private trades >>