Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nasdaq  >  Charter Communications Inc    CHTR

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Charter Communications : Gov. Malloy and Charter Communications Announce Charter's Plan to Build New Headquarters, Add Jobs

share with twitter share with LinkedIn share with facebook
share via e-mail
0
10/04/2017 | 01:21pm CET

HARTFORD, Conn., Oct. 3 -- Gov. Dannel P. Malloy, D-Conn., issued the following news release:

Governor Dannel P. Malloy and Charter Communications, Inc., a Fortune 100 company and the second-largest cable operator in the United States, today announced the company's plans to build a 500,000 square foot, 15-story headquarters at 406 Washington Boulevard in Stamford. Following its commitment to create and retain 400 jobs under the state's First Five Program in 2012, Charter has committed to create an additional 1,100 new corporate headquarters jobs and has agreed to a total of $100 million in planned capital expenditures in Connecticut over the next several years.

"Today is a great day for Connecticut," Governor Malloy said. "Charter's announcement to create an additional 1,100 jobs shows that our strategic investments are continuing to spur economic growth and create good paying jobs in the state. We look forward to the continued success of Charter Communications as they grow within Connecticut."

Serving more than 26 million customers in 41 states across the country, Charter provides a full range of broadband services including digital cable, high-speed Internet and telephone services to residential and commercial customers.

"Since relocating Charter's headquarter operations to Stamford in 2012, the company has undergone a transformation to become the second largest cable provider in the U.S.," Tom Rutledge, Chairman and Chief Executive Officer of Charter Communications, said. "This new, state-of-the-art facility in downtown Stamford will provide Charter the necessary resources to facilitate its continued growth. We are excited to continue expanding in Connecticut, and thank Governor Malloy, Mayor Martin, the Connecticut Department of Economic and Community Development, and the entire Stamford-area federal, state and local delegation of elected officials for their continued partnership and support."

"Charter Communications has been a steadfast corporate citizen since they relocated here in 2012," Stamford Mayor David Martin said. "We are happy that they chose to stay in Stamford, and add jobs and expand their workforce here. This investment in our city is good news and we applaud their vote of confidence in Stamford."

The Department of Economic and Community Development (DECD) will provide a 10-year, $10 million low-interest loan to support the project through the state's First Five Plus program. State funding may be used for new equipment and leasehold improvements. The company may be eligible for loan forgiveness based on job creation and if employment obligations are met. Charter Communications will also receive up to $10 million in tax credits through DECD's Urban and Industrial Sites Reinvestment Tax Credit program. Additional tax credits are available if the company exceeds job targets.

"We are excited that Charter continues to grow in Connecticut," DECD Commissioner Catherine Smith said. "Charter's decision to expand its headquarters operations in Stamford demonstrates that Connecticut is on the right track in supporting great companies who value the quality of our talent, excellent location and business environment."

Targeted News Service, source News Service

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on CHARTER COMMUNICATIONS INC
01/14 CHARTER COMMUNICATIONS : Urban League wins grant for mobile computer lab
01/11 CHARTER COMMUNICATIONS : Brandon Sherer Named Central North Carolina News Direct..
01/11 CHARTER COMMUNICATIONS : Vanessa Green Sinders Named SVP, Government Affairs
01/11 S&P 500 ANALYST MOVES : Chtr
01/09 PATRICK DRAHI : Drahi hits Altice reset button to court wary investors
01/08 CHARTER COMMUNICATIONS : Bringing a New, True Broadband Choice to Over 42,000 Ne..
01/02 CHARTER COMMUNICATIONS : Vanessa Green Sinders Named SVP, Government Affairs
2017 CHARTER COMMUNICATIONS : Spectrum to increase Georgetown cable rates after Jan. ..
2017 CHARTER COMMUNICATIONS, INC. /MO/ : Entry into a Material Definitive Agreement, ..
2017 CHARTER COMMUNICATIONS : Company introduces low-cost broadband service to city
More news
News from SeekingAlpha
01/12 EVERCORE : Lions Gate offers strategic value in consolidating sector
01/08 Charter +1.7% as Moffett boosts to Buy, citing tax benefits
01/05 Charter names Pope to newly created head of content role
01/05 PAY TV ROUNDUP : The price hikes of 2018
2017 DISRUPTION : Cord Cutting, OTT, And Streaming
Financials ($)
Sales 2017 41 578 M
EBIT 2017 4 242 M
Net income 2017 582 M
Debt 2017 66 824 M
Yield 2017 -
P/E ratio 2017 138,71
P/E ratio 2018 62,77
EV / Sales 2017 3,96x
EV / Sales 2018 3,84x
Capitalization 98 029 M
Chart CHARTER COMMUNICATIONS INC
Duration : Period :
Charter Communications Inc Technical Analysis Chart | CHTR | US16119P1084 | 4-Traders
Technical analysis trends CHARTER COMMUNICATIONS INC
Short TermMid-TermLong Term
TrendsBullishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 27
Average target price 396 $
Spread / Average Target 12%
EPS Revisions
Managers
NameTitle
Thomas M. Rutledge Chairman & Chief Executive Officer
John Bickham President & Chief Operating Officer
Christopher L. Winfrey Chief Financial Officer & Executive VP
James A. Blackley EVP-Engineering & Information Technology
W. Lance Conn Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
CHARTER COMMUNICATIONS INC5.37%98 029
LIBERTY GLOBAL PLC2.87%29 079
DISH NETWORK3.62%23 075
LIBERTY BROADBAND CORP6.17%16 472
CYFROWY POLSAT SA-3.85%4 508
CABLE ONE INC1.54%4 092