New Charter, the newly formed cable behemoth combining Charter, Time Warner Cable and Bright House Network, is expected to have a messy second-quarter due to integration. But at least one analyst firm is expecting a solid performance from the company and an improvement over the year-ago quarter.
In a new research note, UBS analysts predicted New Charter's second-quarter quarterly revenue growth will hold fairly stable at 6.8 percent and that the company will lose 40,000 residential video subscribers (compared to 74,000 in the year-ago quarter) and will add 248,000 residential broadband subscribers (compared to 244,000 in the year-ago quarter.
"We expect net subscriber adds to show normal seasonal pressure but improve [year-over-year] given issues at telco competitors," UBS analysts wrote in a research note.