Charter Announces Second Quarter 2023 Results
Charter Communications reported financial and operating results for the three and six months ended June 30, 2023.
July 2023
2023 Annual Survey Highlights
CTIA’s annual survey of key industry metrics finds that wireless networks support more data traffic than ever:
CFO: Charter Has Won Over $700M in Broadband Funding Since RDOF
Charter has now won $700 million in broadband funding since its big win in the 2018 Rural Digital Opportunity Fund (RDOF) auction, said Jessica Fischer, the company’s chief financial officer. The funding will go toward buildouts to 300,000 locations, Fischer said. The gross cost of the buildouts for which Charter has won funding will be $1.7 billion, which suggests that Charter will contribute matching funds of about $1 billion for the builds. The buildout cost per passing to Charter will be $3,200, Fischer said. The company completed 68,000 subsidized rural passings this quarter, she noted
No Home Left Offline Coalition Urge Governors To Take Action On Renewing The Affordable Connectivity Program
The No Home Left Offline Coalition has written to all 50 state governors, urging them to contact their congressional delegation to take action on renewing the Affordable Connectivity Program (ACP).
Broadband Coverage Gaps: The Rural Impact
Millions of dollars are coming into Mississippi to get more families connected to high-speed internet. But there are still major gaps in the broadband coverage map. “We had the little Wi-Fi hotspot. But in order to use the Wi-Fi hotspot, you have to have a cell phone signal. And a lot of times we didn’t have a good cell phone signal where we were. So, it just washed everything completely out.
House Commerce Committee Advances Bills
In a Full Committee markup, the House Commerce Committee advanced six bills including:
Senate Commerce Committee Approves Bills
During an Executive Session, the Senate Committee on Commerce approved 11 bipartisan bills, including legislation aimed at protecting children’s online privacy: the Children and Teens’ Online Privacy Protection Act (COPPA 2.0) and the Kids Online Safety Act (KOSA). Other important bills approved included the AM Radio for Every Vehicle Act, the ORBITS Act, the TICKET Act, the COOL Online Act and several manufacturing bills. These bills now head to the Senate floor.
Approved:
Too Little Too Late
Federal Communications Commission Chairwoman Jessica Rosenworcel shared with the other FCC Commissioners a draft Notice of Inquiry that would begin the process of raising the federal definition of broadband from 25/3 Mbps to 100/20 Mbps. In order for that to become the new definition, the FCC must work through the Notice of Inquiry process and eventually vote to adopt the higher speed definition. This raises a question of the purpose of having a definition of broadband.
Rural Texas may lose out on billions in broadband infrastructure funding due to federal regulations
When Texas was awarded $3.3 billion in federal money toward expanding broadband infrastructure across the state, government leaders and telecommunication companies celebrated the news. With the federal funds, coupled with $1.5 billion from the state’s wallet, rural and underserved Texas communities finally saw a chance to catch up with technology in the rest of the country.
Broadband Subsidy Programs Help Deliver Affordable Internet Access
State and federal programs have improved the availability of high-speed internet, but cost remains the primary barrier to broadband adoption for low-income households. To address this, the federal government has created consumer subsidies, such as those included in the Affordable Connectivity Program (ACP), to ease cost burdens.