Bloomberg Intelligence Charter Shares Fall on Internet Customer Losses, Profit Miss
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Jul 25, 2025 Brett Gibbs, a Bloomberg Intelligence Refining and Renewable Fuels Analyst, dives into Phillips 66's strategy of maximizing diesel production amid rising demand. He discusses the implications of Charter Communications' loss of 111,000 internet customers, how this impacts market competition, and the broader effects on the cable industry. Gibbs also sheds light on the evolving landscape of the telecom and tech sectors, including mergers and strategic responses to customer retention challenges. His insights emphasize the dynamic forces shaping energy and communication markets.
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Charter Lost Broadband Customers
- Charter Communications is losing fixed broadband customers due to competition from 5G home internet offered by telecom companies.
- This cheaper and easier-to-install alternative pressures cable operators, accelerating subscriber losses for Charter.
Charter's Cox Deal Strategy
- Charter's $35 billion deal to acquire Cox Communications aims to make it the largest broadband operator.
- Investors hope this merger will help Charter recover financially and slow subscriber losses.
Charter's Mobile Bundling Effort
- Charter is bundling mobile services with broadband to reduce subscriber losses.
- Although the strategy offers significant discounts and some margin benefit, it hasn't moved the needle substantially yet.