Time Warner Cable's first-quarter net income rose to $214 million, compared with $164 million a year earlier. Free cash flow rose 78 per cent, to $652 million, as it lowered capital spending.

Revenue rose 5.4 per cent, to $4.6 billion, during the quarter. The cable company was also helped by a rebound in advertising sales, which rose 19.3 per cent, to $173 million. The company said it was confident it would meet its goal of a 15 per cent rise in ad sales this year.

Landell Hobbs, the chief operating officer of Time Warner Cable, said that the company had added twice as many high-speed Internet customers as AT&T and Verizon combined in the first quarter.

Other posts by :

1. Bank: AST SpaceMobile will orbit 356 satellites by 2030
2. SpaceX launches 600th rocket
3. Starlink: 10m customers and counting
4. SES predicts end of ‘big’ Geo satellites
5. Amazon Leo gets approval for 4,504 extra satellites
6. SpaceX gets a portion of India
7. TerreStar wants to build LEO network
8. Musk: “No Starlink phone”
9. Russia accused of eavesdropping on satellites

Categories: Articles, Business, Results