COMPANY INFO
Charter Communications, Inc., founded in 1993 by Barry Babcock, Jerald Kent, and Howard Wood, is a leading American telecommunications and mass media company. Operating under the Spectrum brand, it provides broadband, cable television, internet access, and other communication services to over 32 million customers across 41 states, employing approximately 94,500 people. The company is headquartered in Stamford, Connecticut, and its website is corporate.charter.com.
Charter Communications, Inc. is a leading American telecommunications and mass media company founded in 1993 by Barry Babcock, Jerald Kent, and Howard Wood. Operating under the well-known Spectrum brand, Charter Communications, Inc. provides broadband, cable television, internet access, and communication services to over 32 million customers across 41 states. Headquartered in Stamford, Connecticut, the company employs nearly 94,500 people, making it a major force in the telecommunications and mass media industry.
Charter Communications, Inc. funding has played a crucial role in supporting its expansive growth and service operations. Over the years, Charter Communications, Inc. investors have participated in a variety of funding rounds, including significant amounts in both conventional debt and grant financing. In total, Charter Communications, Inc. has raised approximately $6.25 billion across 10 funding rounds. This includes six major debt rounds, three post-IPO rounds, and a notable grant round, reflecting a funding strategy focused on leveraging debt financing and targeted grants to fuel its infrastructure and expansion initiatives. The company’s largest funding milestone was a $2.5 billion conventional debt round in April 2018, while its latest funding was a $1.3 million grant in October 2022.
This round provided grant funding for prize money and was led by the N.C. Department of Information Technology. The funds were aimed at supporting innovative connectivity and technology initiatives.
A significant conventional debt round used to finance large-scale operations, infrastructure enhancements, and market expansion.
This conventional debt round contributed additional capital to maintain and upgrade network services and infrastructure across Charter Communications, Inc.'s coverage areas.
Another major debt round, this funding was likely allocated to ongoing projects aimed at improving service reliability and expanding the company’s customer base.
A strategic debt round to further bolster the company's financial position, providing flexibility for continued investment in technology and service offerings.
Charter Communications, Inc.'s largest funding round, this debt financing was used to refinance existing obligations and support future operational growth.
Northern Powerhouse Investment Fund is known for supporting economic growth in companies throughout the North of England. As an investor, they have provided critical backing to Charter Communications, Inc., enabling the company’s robust expansion.
Business Enterprise Fund offers alternative funding solutions for businesses, providing Charter Communications, Inc. with key financial support at various stages of growth, helping enable new projects and market reach.
As the lead investor in the 2022 grant round, the N.C. Department of Information Technology played a pivotal role in supporting Charter Communications, Inc.'s technological advancements and community-focused initiatives.
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