Overview

• On September 3, Spectrum activated internet, mobile, TV, and voice service for more than 5,100 homes and businesses in Scott County, Kentucky.
• The Scott County build is a $15.3 million project that includes a $3 million award from the National Telecommunications and Information Administration.
• Charter describes the deployment as its first countywide broadband expansion in the Midwest under its ongoing rural buildout.
• Management says the broader initiative targets over 100,000 miles of new fiber and roughly 1.7 million additional locations nationwide, backed by more than $7 billion in private investment.
• On September 10, Bernstein’s Laurent Yoon lowered Charter’s price target to $350 from $380 but kept an Overweight rating, citing intensifying competition and the need to balance pricing, customer volume, and marketing costs.