Charter Communications Launches New Multiyear, Multibillion-Dollar Initiative To Expand Broadband Availability To Over 1 Million New Customer Locations
February 1, 2021
By PRNewswire
The $5 billion investment will include $1.2 billion in rural digital opportunity funding to expand broadband network to unserved communities. Charter plans to hire more than 2,000 employees and contractors to support the 24-State RDOF broadband deployment.
Charter Communications, Inc. (NASDAQ: CHTR) today announced the launch of a multiyear, multibillion-dollar broadband buildout initiative to deliver gigabit high-speed broadband access to more than 1 million unserved customer locations, as estimated by the Federal Communications Commission (FCC) and awarded to Charter in the Rural Digital Opportunity Fund (RDOF) Phase I auction. Charter expects to invest approximately $5 billion to support its buildout initiative – offset by $1.2 billion in support won from the RDOF auction – expanding Charter’s network to lower-density, mostly rural communities that do not have access to broadband service of at least 25/3 Mbps.
Ohio should specifically expect:
- $106.5mm in RDOF support (62% of total support awarded statewide, which does not include Charter’s planned substantial private capital investment,
- 112,777 unserved locations to be served across 62 counties in Ohio (59% of total locations assigned statewide,
- More than 70% (80,000+) of Charter’s planned passing are located across 28 Appalachian Counties.
