Charter now expects full year 2024 capital expenditures to total approximately $12.0 billion, a decrease from Charter's previously expected range of between $12.2 billion and $12.4 billion. The decrease reflects lower Internet and video customer net additions, including the impact of the end of the ACP, which drives lower CPE and capitalized installation costs. Charter continues to expect line extensions capital expenditures of approximately $4.5 billion and network evolution spend of approximately $1.6 billion, compared to $4.0 billion and $0.9 billion, respectively, in 2023. The actual amount of capital expenditures in 2024 will depend on a number of factors including, but not limited to, the pace of Charter's network evolution and expansion initiatives, supply chain timing and growth rates in Charter's residential and commercial businesses.
Charter Communications Expects 2024 Capex of $12.0B (Prior $12.2B–$12.4B)
Company Profile
Fri. 26 Jul 2024, 7:06am ET
Benzinga
News, Guidance