STAMFORD, Conn., June 6, 2016 – Charter Communications, Inc. (NASDAQ: CHTR) today announced that Cottonwood Residential is strengthening its commitment to Spectrum Community Solutions with a new agreement that will bring advanced wireless broadband and video service to over 10,000 individual units within 24 months of Charter completing its combination with Time Warner Cable and acquisition of Bright House Networks.
A recognized leader in the industry, Cottonwood Residential is a fully integrated multifamily-focused real estate operating company, managing over 20,000 apartment units in 20 states. Driven by a strong customer demand for customized wireless and video solutions, the two companies have agreed to more than double an already impressive sales commitment.
“The Spectrum Wi-Fi product provides a great amenity for our apartments. Good internet is vital, and Cottonwood Residential is dedicated to providing the absolute best overall service and value throughout our properties,” said Chad Christensen, President and Chairman of Cottonwood Residential.
“Cottonwood has been working toward the implementation of an economical high speed internet and video amenity for some time. Our strengthened commitment with Charter will allow us to execute on that initiative much quicker and more efficiently than previously thought,” said Scott Russell, Director of Business Development and Ancillary Services of Cottonwood Residential
“We are thrilled that Cottonwood Residential sees the value in Charter’s superior residential, multi-dwelling entertainment and communications products,” said Adam Ray, Vice President of Direct Sales and Spectrum Community Solutions. “I would like to thank Chad Christensen, Scott Russell and the Cottonwood team for their continued commitment to Charter and to our industry leading product.”
With Spectrum Community Solutions, property owners can provide residents with fast and easy-to-use professionally managed Wi-Fi, the best TV entertainment, most reliable Voice service, and dependable around-the-clock customer and technical support.
Charter (NASDAQ: CHTR) is a leading broadband communications company and the second largest cable operator in the United States. Charter provides a full range of advanced broadband services, including Spectrum TV™ video entertainment programming, Spectrum Internet™ access, and Spectrum Voice™. Spectrum Business™ similarly provides scalable, tailored, and cost-effective broadband communications solutions to business organizations, such as business-to-business Internet access, data networking, business telephone, video and music entertainment services, and wireless backhaul. Charter's advertising sales and production services are sold under the Spectrum Reach™ brand. More information about Charter can be found at charter.com.
About Cottonwood Capital
Cottonwood Residential is a fully integrated real estate investment company focused solely on the multifamily sector. Cottonwood’s expert service in asset and property management is complemented with their capabilities in the financial, construction, and legal aspects of Tenants in Common multifamily ownership.