For example, Charter Communications stated that it has reduced its capital expenditures (CAPEX) this year by 68%, while Cox has lowered its own spending on equipment by about 30%. Time Warner Cable, the nation's second largest cable operator, has cut spending by almost 20%. Comcast's CAPEX is also on track to be down by approximately 15% in 2003, even though the largest US cable operator continues to spend heavily upgrading its former AT&T Broadband systems.
Based on expenditures through the first nine months of 2003, this year's US cable equipment CAPEX total is on track to finish at approximately $10.2 billion, down over 20% from 2002 CAPEX totals.
US Cable TV Operator CAPEX ($ in billions)
2003 (e) $10.2
the In-Stat/MDR report suggests that the 2004 cable industry CAPEX looks quite a bit like 2003. In-Stat/MDR's preliminary forecast for 2004 CAPEX indicates that US cable operator spending will likely end up around $9.5 billion.
See In-Stat/MDR's cable industry coverage here.