News October 4, 2016

Denver Business Journal: Charter Communications signs huge lease, plans 800 jobs

Oct 4, 2016 by Molly Armbrister and Greg Avery

close-view116512vcs-iiemail750xx4000-2250-0-168Charter Communications Inc. will lease 306,000 square feet in the third and final phase of Village Center Station in Greenwood Village, and the company said it plans to add 800 jobs in the area.

Charter’s lease kicks off development of the 12-story tower, which will be 100 percent occupied by the TV and internet provider.

Charter was part of a three-way merger that included Time Warner Cable and Bright House networks earlier this year.

“This state-of-the-art workplace will be well-suited to support a wide range of business purposes including the design and development work powering all of Charter’s products and services,” said Rich DiGeronimo, executive vice president of product and strategy for Charter (Nasdaq: CHTR).

“Charter has made a multi-million-dollar investment in the Denver community, and in addition to its already large corporate presence, plans to add over 800 new high tech jobs in the coming years.”

Charter has 17 million video subscribers and ranks as the third-largest U.S. subscription TV businesses, behind Dallas-based AT&T, which has 25.3 million subscribers (including DirecTV), and Philadelphia-based Comcast Corp. (Nasdaq: CMCSA), which has 22 million video subscribers.

Charter and Time Warner Cable employed about 2,200 people in Colorado at multiple metro-area offices prior to the merger’s closing.

The new building will let the combined company have more concentrated office space plus room for expansion.

Charter Communications plans to use the new building to house some corporate functions, software and product development and regional operations to the building, said Charter spokesman Justin Venech.

And, like Charter did with its own call center before its mega-merger, it plans to bring Time Warner and Bright House customer entirely back to the United States, which should add to its Colorado employment growth eventually, he said.

The cable company employs about 90,000 people now, and it expects to grow by 20,000 jobs nationwide over time, Venech said.

“The transactions have made us a much bigger player and there are of opportunities we hope to take advantage of,” he said.

Original article found on Denver Business Journal.