http://www.lightreading.com/document.asp?doc_id=116905&site=cdn&WT.svl=news1_5
Charter Communications Inc. racked up its strongest growth yet in VOIP subscribers during the fourth quarter, even though its IP phone focus has increased its operating and capital expenses.
Demand for VoIP is on the rise.
Like Comcast, Charter expects to run up even higher capital expenditures this year as it continues its nationwide VOIP rollout.
Charter said today it signed up 106,200 VOIP subscribers in the last three months, as opposed to 31,300 customers in the year-earlier period. With the increase, the MSO closed out 2006 with nearly 446,000 IP phone customers.
However, unlike Comcast and others Charter is not seeing consistently stronger subscriber gains for its other cable TV products. The good news there, according to Charter, is that about 75 percent of its annual capital costs were "success-based," meaning the costs were directly associated with adding new customers.
Charter said it expects capex to go up again this year, rising about $100 million to $1.2 billion.
Charter did not disclose specific earnings information, but it will do so on Feb. 28.
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