Spectrum offers free Amazon Prime after losing 172,000 internet customers

EarningsM&A · Partnership

โดย TheStreet·

Summary · why it matters

Spectrum, owned by Charter Communications, is offering free Amazon Prime to eligible internet customers after losing 172,000 internet subscribers in the second quarter and seeing internet revenue decline 3.2% year over year. The offer is available to new and existing customers on any internet tier, including those in the Spectrum Internet Assist program for low-income households, and customers with existing Amazon Prime memberships can transition them through the deal's website. The move follows a $10 price increase on several internet plans in July and comes amid heightened competition from AT&T, Verizon, and T-Mobile's fiber and fixed wireless services. Spectrum has also launched its Invincible Wi-Fi product, guaranteed $1,000 in annual savings for bundling internet with two wireless lines, and finalized its $34.5 billion acquisition of Cox Communications on Aug. 20 to expand its network and lower prices.

Charter Communications Inc ▼