charter communication-a (CHTR) Key Developments
Charter Communications to Raise $500 Million in Notes Offering
Apr 15 15
Charter Communications (CHTR) announced that it intends to offer to qualified institutional investors through its subsidiaries $500 million in aggregate principal amount of senior unsecured notes due 2027. The company intends to use the net proceeds for debt repayments and for general corporate purposes.
ARRIS Group Inc. and Charter Communications Establish a Joint Venture to Acquire ActiveVideo®
Apr 14 15
ARRIS Group Inc. and Charter Communications announced that they established a joint venture that has agreed to acquire ActiveVideo® for approximately $135 million. ARRIS will own 65% of the joint venture company and will be the sales channel for ActiveVideo's CloudTV platform. Closing of the transaction is expected to occur in the second quarter, subject to customary closing conditions, including receipt of necessary regulatory approvals. ActiveVideo is the developer of CloudTV™, the only cloud-based software platform enabling service providers, content aggregators, and consumer electronic (CE) manufacturers to rapidly deploy new services by virtualizing consumer premises equipment (CPE) functions in the cloud. CloudTV enables the delivery of next-gen user interfaces, online content, and interactive advertising for TV to millions of set-tops and connected devices. ActiveVideo's CloudTV platform and proven intellectual property (39 issued patents and 64 pending) will complement ARRIS's cloud portfolio. ARRIS's service provider relationships, global reach and installed base of CPE are expected to accelerate adoption of ActiveVideo's technology. ActiveVideo's platform powers Charter's new fully featured, cloud-based Spectrum Guide. Charter expects to launch Spectrum Guide on Worldbox, as well as on legacy boxes currently deployed within the Charter footprint. Jeff Miller will continue to lead ActiveVideo as CEO.
Bright House Networks, LLC, CCH I, LLC, Charter Communications, Inc. - M&A Call
Mar 31 15
To discuss definitive agreement whereby Charter will acquire Bright House Networks for $10.4 billion
Charter Communications May Acquire Time Warner
Mar 4 15
Charter Communications, Inc. (NasdaqGS:CHTR) would likely pursue the acquisition of Time Warner Cable Inc. (NYSE:TWC), Greg Maffei, Chief Executive Officer of Liberty Media told investors. Charter made an attempt to buy Time Warner Cable last year.
Charter Communications Promotes Rich Digeronimo to Vice President of Product & Strategy
Mar 3 15
Charter Communications is currently building a new product and strategy team around the newly promoted Rich DiGeronimo. DiGeronimo's prior career provided him with a unique blend of understanding cable broadband network technology and finance. As vice president and general manager of cable voice service providers at Level 3 Communications, he was responsible for developing strategic alliances, strategic customer contract negotiations,
market segmentation, and marketing plan development.