Charter Communications Expects 2024 Capex of $12.2B-$12.4B Vs Actual of $11.1B in FY23
Portfolio Pulse from Benzinga Newsdesk
Charter Communications (CHTR) reported an increase in capital expenditures from $9.4 billion in 2022 to $11.1 billion in 2023, driven by its rural construction initiative and network expansion. The company anticipates further increasing its capex to between $12.2 billion and $12.4 billion in 2024, with significant investments in line extensions and network evolution.
February 02, 2024 | 12:42 pm
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Charter Communications plans to increase its capital expenditures significantly in 2024, indicating a strong commitment to network expansion and evolution.
The increase in capital expenditures reflects Charter Communications' strategic focus on expanding and evolving its network infrastructure. This investment is likely to enhance the company's competitive position and support long-term growth, potentially leading to positive investor sentiment and a favorable impact on CHTR's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100