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|INSIGHT COMMUNICATIONS COMPANY L P filed this Form 424B3 on 11/02/2016|
This summary contains a general discussion of our business and the exchange offer. It does not contain all the information that you should consider before making a decision regarding whether to tender your original notes in exchange for new notes. For a more complete understanding of the exchange offer, you should read this entire prospectus, the information incorporated by reference herein and the related documents to which we refer.
The Parent Guarantor is an indirect subsidiary of New Charter (which is now known as Charter Communications, Inc). The Parent Guarantor is a holding company with no operations of its own. Charter Operating and CCO Capital are direct, wholly owned subsidiaries of the Parent Guarantor. Charter Operating is a holding company with no operations of its own. CCO Capital is a company with no operations of its own and no subsidiaries. The Parent Guarantor and its direct and indirect subsidiaries, including Charter Operating and its direct and indirect subsidiaries as well as CCO Capital, are managed by New Charter. The additional Registrant Guarantors are direct and indirect subsidiaries of Charter Operating. For a chart showing our ownership structure, see page 3.
Unless otherwise stated, the discussion in this prospectus of our business and operations includes the business of the Parent Guarantor and its direct and indirect subsidiaries. Unless otherwise stated, all business data included in this summary is as of June 30, 2016.
Charter Operating and CCO Capital are sometimes referred to in this prospectus collectively as the Issuers and each individually as an Issuer. The terms we, us and our refer to the Parent Guarantor and its direct and indirect subsidiaries on a consolidated basis.
We are the second largest cable operator in the United States and a leading broadband communications company providing video, Internet and voice services to residential and business customers. We also sell video and online advertising inventory to local, regional and national advertising customers, and networking and transport services (including cell tower backhaul services) and enterprise-class, cloud-enabled hosting, managed applications to business customers and own and operate regional sports networks and local sports, news and lifestyle channels. Our residential services also include security and home management services.
As of June 30, 2016, we served approximately 25.6 million residential and small and medium business customers. We sell our video, Internet and telephone services primarily on a subscription basis, often in a bundle of two or more services, providing savings and convenience to our customers. Bundled services are available to approximately 99% of our passings, and approximately 62% of our customers subscribe to a bundle of services.
We served approximately 16.9 million residential video customers as of June 30, 2016. We completed an all-digital rollout in the Legacy Charter systems in 2014, and substantially all of those markets now offer over 200 high definition (HD) channels and faster Internet speeds. We have launched the Charter Spectrum® brand in our Legacy Charter all-digital markets. Managing the all-digital transition in the Legacy TWC and Legacy Bright House footprint is a key priority and we expect to complete those initiatives by the end of 2018. Digital video enables our customers to access advanced video services such as HD television, video on demand programming, an interactive program guide and digital video recorder service.
We also served approximately 20.7 million residential Internet customers as of June 30, 2016. Our Internet service is available in a variety of download speeds up to 300 megabits per second (Mbps) and upload speeds of up to 5 Mbps. Approximately 90% of Legacy Charters Internet customers have at least 60 Mbps download speed, compared to approximately 28% at Legacy TWC and 32% at Legacy Bright House.