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Charter discloses free cash flow and pledging plans; commissioners press on layoffs and headquarters
Summary
In PURA hearings Nov. 21, Charter said last‑12‑months free cash flow was about $5.2 billion and described plans to fold Cox assets into existing secured financings; commissioners and OCC pressed on layoffs, Connecticut employee counts and the likelihood the combined headquarters will remain in Stamford.
During the Nov. 21 evidentiary hearing, PURA examiners asked Charter about financial capacity, projected cash flow and whether Cox assets would be pledged under the same financing umbrella post‑closing.
A finance witness for the applicants gave a 12‑month free cash flow figure for Charter as of Sept. 30, 2025 of approximately $5.2 billion and said unlevered free‑cash…
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