With its $78.7 billion acquisition of Time Warner Cable nearing a close, Charter Communications continued to build on past subscriber momentum, adding 15,000 video customers and 155,000 high-speed data customers in the first quarter.
The customer growth also helped fuel strong financial results. Revenue rose 7.1% to $2.5 billion and cash flow was up 10.4% in the period.
"Our products, service, customer growth and financial results continue to improve, as we deliver more value to our residential and business customers," said Charter CEO Tom Rutledge in a statement. "The operating, service and financial benefits of our strategies are as we expected and demonstrate the growth opportunity that our consumer-friendly practices can drive on a larger set of underpenetrated assets through our pending transactions with Time Warner Cable and Bright House Networks."
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