Charter expects positive subscriber growth despite hefty Affordable Connectivity Program losses
Charter Communications CFO Jessica Fischer revealed the operator is expecting as many as 70,000 broadband customers to churn off its network in second quarter 2022 as they roll off a government subsidy program, but stressed it still believes it will achieve overall positive broadband subscriber growth for the period. Fischer explained Charter has been an active participant in the Federal Communications Commission’s Emergency Broadband Benefit (EBB) program and its successor, the Affordable Connectivity Program (ACP).