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 : To Build New 15-Story HQ In Downtown Stamford

share with twitter share with LinkedIn share with facebook
share via e-mail
0
10/04/2017 | 08:50am CEST

STAMFORD, Conn. - Charter Communications announced plans Tuesday to build a new 500,000-square-foot, 15-story headquarters at 406 Washington Blvd. near the Stamford train station.

A Fortune 100 company Charter Communications also committed to adding 1,100 more jobs at its headquarters in Stamford, according to the announcement from Charter and Gov. Dannel P. Malloy.

The company plans to break ground on the new headquarters early next year.

"Today is a great day for Connecticut," 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."

Serving more than 26 million customers in 41 states across the country, Charter provides a 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.," said Tom Rutledge, chairman and chief executive officer of Charter Communications. "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."

Following its commitment to create and retain 400 jobs under the state's First Five Program in 2012, Charter also agreed to a total of $100 million in planned capital expenditures in Connecticut over the next several years.

Charter's new headquarters at the Gateway Harbor Point site is expected to be ready in 2019. The site was chosen for its proximity to mass transit as well as its easy access to I-95.

The new headquarters is set to become the first commercial facility with direct access to the Stamford train station platform, providing employees with immediate access to both Metro-North and Amtrak Acela service, Charter Communications said.

"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."

The Department of Economic and Community Development will provide a 10-year, $10 million low-interest loan to support the project through the state's First Five Plus program. 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.

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."

Click here to sign up for Daily Voice's free daily emails and news alerts.

© Copyright (c) 2017 The Daily Voice, All rights reserved., source Newspapers

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on CHARTER COMMUNICATIONS INC
10/20 CHARTER COMMUNICATIONS, INC. /MO/ : Entry into a Material Definitive Agreement, ..
10/18DJVIACOM : and Charter in Preliminary Carriage Deal
10/18 CHARTER COMMUNICATIONS : Viacom, Charter deal to include eight networks in basic..
10/18 Univision appeals to regulator after Verizon pulls the plug
10/12 CHARTER COMMUNICATIONS : To Build New 500,000 Square Foot Headquarters In Stamfo..
10/12 Viacom launches TV ads in dispute with Charter
10/11 CHARTER COMMUNICATIONS : Navisite Cloud Technology Helps Bolton Mountain Rescue ..
10/11 CHARTER COMMUNICATIONS : Norwood village meets Oct. 17
10/06 MADISON SQUARE GARDEN : Charter, MSG Networks Agree on MSG GO
10/05 CHARTER COMMUNICATIONS : Deal Is A Win
More news
News from SeekingAlpha
10/18 Viacom, Charter come to agreement on channel carriage renewal
10/17 SUNTRUST : 'Highly skeptical' Sprint/T-Mobile merger gets approved
10/16 WALL STREET BREAKFAST : Catalonia - Independence Or Not?
10/16 Charter, Viacom set short extension in carriage showdown
10/11 Charter, Viacom closing in on latest carriage-deal blackout
Financials ($)
Sales 2017 41 654 M
EBIT 2017 4 848 M
Net income 2017 989 M
Debt 2017 64 010 M
Yield 2017 -
P/E ratio 2017 90,82
P/E ratio 2018 46,17
EV / Sales 2017 3,95x
EV / Sales 2018 3,79x
Capitalization 100 B
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
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 26
Average target price 407 $
Spread / Average Target 16%
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 INC21.83%100 384
LIBERTY GLOBAL PLC3.40%30 348
LIBERTY GLOBAL LILAC0.14%30 348
DISH NETWORK-14.90%22 979
LIBERTY BROADBAND CORP26.94%16 949
CYFROWY POLSAT SA-0.85%4 346