Charter CEO Says Cable Mobile Service Pricing Could Drop Further

Just weeks after Charter Communications slashed prices for its Spectrum Mobile offering to $29.99 per month, chairman and CEO Tom Rutledge said charges for wireless cable offerings could drop further as the cost to provide service continues to decline. “I think the mobile opportunity is very similar to the wireline opportunity that existed 15 years ago,” Rutledge said. “[Mobile]'s got its own complexities, but the opportunity is there to create value for consumers. Consumers actually save money and we make money. That’s a pretty attractive business model that is available to us. And yeah, I think it leads toward convergence.” Charter introduced its $29.99 price point — for a minimum of two lines each — in October 2021, a big discount from its previous charge of $45 per month, per line. That price reduction came on the heels of Comcast introducing a $30 per line service (for a minimum of four lines) which took effect in April.