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74 - Charter Communications

A Charter Communications company service van is pictured in Pasadena, California U.S., January 26, 2017. REUTERS/Mario Anzuoni - RC179C6A0740 - Mario Anzuoni — Reuters
A Charter Communications company service van is pictured in Pasadena, California U.S., January 26, 2017. REUTERS/Mario Anzuoni - RC179C6A0740 Mario Anzuoni — Reuters

Charter Communications leaped up 22 spots from No. 96 to No. 74 following the 2016 acquisition of Time Warner Cable and Bright House Networks. With the combined entity rebranded under Spectrum to consumers, Charter experienced the second-most growth in revenue (up 43.4% to $41.58 billion) among Fortune 500 telecommunications companies, behind only Verizon, and grew its profit (up 180.9% to $9.9 billion) the most out of all its rival companies. Reports suggest a merge with Sprint could be in the cards after its parent company, Softbank, purchased a 5% stake of Charter in the open market.

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Key Metrics & Financials (Last Fiscal Year)

Previous Rank96
Revenues ($M)$41581
Revenue Percent Change43.4%
Profits ($M)$9895.0
Profits Percent Change180.9%
Assets ($M)$146623
Market Value — as of March 29, 2018 ($M)$80954
Employees94800

Company Facts

Employees94800
SectorTelecommunications
IndustryTelecommunications
HQ LocationStamford, Conn.
CEOThomas M. Rutledge
CEO Title-
Websitewww.charter.com
Years on Fortune 500 List18

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