Charter’s $1.3 Billion Texas Investment

Charter celebrated the $1.3 billion that the company is investing in rural areas of Texas. Charter will invest $700 million of the money to cover the full cost of network upgrades. The remaining $420 million will cover some of the cost of fiber deployment. The remainder of the cost of fiber deployment will come partially from money Charter won in the Rural Digital Opportunity Fund program in 2020, and partially from public-private partnerships with counties and cities. The $700 million that Charter will invest in its existing network is part of the company’s network evolution plans, which call for upgrading the company’s entire DOCSIS/ hybrid fiber coax footprint by 2025 to support symmetrical and multi-gigabit speeds. The company didn’t detail whether the upgrades planned for Texas would be part of any certain phase or phases of the network evolution plans, but hinted that it might invest more in Texas, in connection with additional subsidies that are allocated for broadband expansion in the state.