Companies With the Most Shares in Charter Communications
Technology has changed the game for telecom companies around the world. It has disrupted traditional communication practices. Service providers like Charter Communications have introduced news services for millions of customers due to technological advancements.
Charter is one of the biggest service providers in the United States. The company offers internet, TV, and home phone services across 41 states. It provides these services under the brand name Spectrum. That said, let’s talk about the company and who owns it.
A Brief History of Charter Communications
The provider has been around for more than two decades. It started as a CATV systems company by Charles H. Leonard in the eighties. The company went through multiple mergers and acquisitions in the nineties. Microsoft co-founder Paul Allen bought a controlling interest in the company in 1998.
Charter transformed into a public limited company the very next year. It also signed letters of intent with other top service providers to improve the geographical clustering of its systems. However, the conglomerate faced serious difficulties in the latter half of the 2000s.
The company filed for bankruptcy in 2009. It took several months before the bankruptcy plan came into full effect. The move relieved Charter of its shareholder obligations and allowed it to pay off its debts. The final restructuring plan allowed the company to reduce its debt by $8 billion.
What Is Charter Communications Phone Number?
The company offers a wide range of services to millions of customers throughout the nation. The company adopted the name Spectrum for its phone, internet, and TV services. It also offers attractive package tiers like Spectrum TV Silver. You can contact the provider to know about their latest deals or any other information. Call them at (833) 267-6094.
Providing round-the-clock customer support is crucial to the success of a business. Companies that care for their customers can ensure growth and success for years to come. Customer support is one aspect that companies cannot afford to compromise on. If you’ve subscribed to Charter, customer support should be the least of your worries. It not only has an awesome plan called Spectrum TV Gold, but the support is also GOLD! The efficient and easily reachable support helps you troubleshoot problems fast. That means you don’t have to wait for a certain time or date to reach out to them. Just dial the number and they’ll connect you with their support team.
How Good Is Charter Communications Customer Service?
Charter has a straightforward approach when it comes to its services. It allows customers to stay in touch with their loved ones 24/7. On top of that, the provider has no contracts and offers a 30-day money-back guarantee. There’s no denying that the provider enjoys the trust of millions of customers.
The top-notch services, as well as affordable internet plans, have allowed it to stay at the top of the game for years. It has been a consistent performer on the American Customer Satisfaction Index for the past many years. This speaks volumes about the provider’s popularity among its customer base.
Are There Any Outlets for Charter Communications Near Me?
You’ll be glad to know that Charter has many Spectrum outlets throughout the country. You can browse the locations and find the best deals on mobile, cable TV, and internet. Whether you want to go for an upgrade or make payments, Spectrum shops are available for you.
Companies That Own Its Shares
Charter has seen numerous acquisitions and mergers since its founding. Different companies have shares in it. You can find the complete list of majority owners below:
Berkshire Hathaway
If you have heard of Warren Buffett then you may have heard of Berkshire Hathaway. The multinational holding company holds major shares in Charter. It occupies the eighth spot on the list of the biggest public companies in the world. Berkshire also has majority shares in companies Apple, Coca-Cola, and American Express. For Berkshire, buying shares in any company is as easy as dialing the Spectrum bill pay number.
Advance Publications
This isn’t any ordinary company. It is a mass media giant. At one point, Advance Publications was the second-biggest shareholder in Charter. It had 13% ownership in the conglomerate. The super-rich Newhouse family owns Advance Publications.
The Vanguard Group
Notice that majority shareholders in Charter are investment companies. The Vanguard Group is one such shareholder. This company has a diverse portfolio of investments, including mutual funds and retirement plans.
The Vanguard Group has assets worth over $6 trillion dollars. Moreover, it has its operations in countries like Japan and Canada.
Capital Research & Management Co.
This company is a subsidiary of the Capital Group. Yes, the same group that is one of the oldest and largest investment management companies in the world. Capital Research & Management Co. is among the largest shareholders in Charter. It holds more than $2 trillion in assets.
TCI Fund Management Limited
The second-largest shareholder in Charter is known other than TCI Fund Management Limited. It owns more than 10 million shares in the conglomerate. This makes it the owner of almost 5% of Charter’s shares. Big companies like TCI buying shares in Charter is one of the many reasons behind the conglomerate pushing forward with affordable Spectrum internet packages.
Liberty Broadband
The largest shareholder in Charter is known other than Liberty Broadband. It currently has more than 50 million shares in the conglomerate. In other words, it holds almost 29% of Charter’s shares. Liberty Broadband also has shares in companies like GCI and Skyhook.
Conclusion
Please note that these are some of the companies that own shares in Charter. Through its Spectrum brand, the conglomerate is continuing to make waves in the broadband and cable TV market. Spectrum TV packages are already extremely popular among millions of subscribers. If you haven’t, try out the service and you’ll not be disappointed.
