Why Cable and Telecom Stocks Were Soaring Today [Yahoo! Finance]
Charter Communications, Inc. - Class A (CHTR)
Last charter communications, inc. - class a earnings: 5/1 07:00 am
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Source: Yahoo! Finance
ET, even as the broader markets were in the red. The entire industry got a lift today as a bipartisan group of Senators revived a key government subsidy program. The Affordable Connectivity Program (ACP) is alive Yesterday, a bipartisan group of Senators introduced an amendment to the 2024 Federal Aviation Administration (FAA) Reauthorization Act, which would provide roughly $6 billion in funding toward the Affordable Connectivity Program (ACP), along with another $3 billion to "rip and replace" equipment from Chinese telecom equipment providers ZTE and Huawei. Telecom and cable stocks have been facing headwinds, as the current ACP, which provides a $30 per month broadband subsidy to low-income households, is in its final month of funding. Thus far, Congress has balked on continuing to fund the program or find room for it in the federal budget. If the subsidy were to go away, some 23 million households would either not pay their bills or pay only a portion to their current bro
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News
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- Charter Closes $3.0 Billion Senior Secured NotesPR Newswire
CHTR
Earnings
- 4/26/24 - Miss
CHTR
Sec Filings
- 5/17/24 - Form 144
- 5/10/24 - Form 8-K
- 5/6/24 - Form 4
- CHTR's page on the SEC website