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Charter Communications Slashing Investments in Its Cable Systems by $1.9 Billion in 2019 ·
Despite repeated claims from some in Washington that eliminating net neutrality would stimulate U.S. telecommunications companies to invest more in their networks, Charter Communications has announced a dramatic $1.9 billion cut in capital expenditures (CapEx) spending on its Spectrum cable systems for 2019. Charter posted 2018 revenue of $43.6 billion (up 4.9 percent over 2017), with …