Charter Communications Expects Lower Capital Spending in 2019
In the second quarter, Charter Communications (CHTR) spent $2.4 billion on capital expenditures compared to $2.1 billion in the second quarter of 2017. This ~11.3% YoY (year-over-year) growth in capital spending was driven by higher expenditures on scalable infrastructure, support capital, and line extensions. During the Bank of America Merrill Lynch Media, Communications & Entertainment Conference held on September 6, Christopher L. Winfrey, Charter’s CFO, discussed the company’s capital expenditures in 2019.