Charter Communications provides cable television, internet and phone services to residential and business customers under the Spectrum brand, one of the largest cable operators in the United States. Its cable network infrastructure, built through decades of investment and acquisitions of smaller regional cable systems, gives Charter a broadband internet delivery advantage in many of its markets where it faces limited competition from other wired internet providers. The company's broadband internet business has become increasingly important relative to its traditional cable television service, as more customers cut the cord on traditional pay television in favor of streaming services while still needing reliable home internet access. Charter's results are sensitive to competition from other broadband providers, including newer fiber internet build-outs and wireless home internet services, along with the ongoing decline in traditional cable television subscribers across the industry.