Is Charter going out of business

@savypat (20216)
United States
January 24, 2009 10:48am CST
Have you heard taht Charter is going out of business, I just caught the last of a new blip about Charter having a 20 billion dollar loss last month. Have you heard anything about this? What do you think will happen if it does.
1 person likes this
1 response
creativedreamweaver
@creativedreamweaver (7297)
• United States
24 Jan 09
Charter has filed for bankrupcy...but it is chapter 11 I believe which allows you to restructure you business and keep it going. Representatives of Charter say this will not affect their customers in any way. I don't know how true that is. They say they are over $4000 in debt per customer. I don't understand how that can be with the prices they charge or how it could have gotten to that point. We don't have Charter and I'm glad we don't, lol.
1 person likes this
savypat
@savypat (20216)
• United States
24 Jan 09
I think they over developed with new towers all over the country. And also they have been competing with Vonage who offeres only phone service.