ST. LOUIS (KMOV) -- Charter Communications has confirmed its relocating its corporate headquarters from Town & Country to Stamford, Connecticut.
Details of the deal between Charter and the state of Connecticut will be unveiled at a news conference planned Tuesday in Stamford. The move will take some 200 high level executive jobs from the St. Louis area.
A company spokesperson says Charter will still provide cable TV, phone and internet service in the St Louis area and plans to add 300 jobs in customer service positions at its Town & Country offices.
Charter is getting tax breaks from the state of Connecticut as a part of the governor’s “First Five” initiative, which offers incentives to companies looking to expand in the state or move there.
But a spokesperson says the move is more about positioning the company for future growth. Charter officials cited Stamford as a growing telecommunications center and its close location to New York City’s transportation infrastructure, especially its airports.
Charter is the fourth-largest cable operator in the U.S. According to the company’s website, Charter provides video, high-speed Internet and telephone services to approximately 5.2 million residential and business customers in 25 states. St Louis is the company’s largest service area with 550,000 customers.
The Stamford Advocate reports Charter will join UBS Financial Services and Harmon International in a 15-story high-rise on Atlantic Street.
The company was founded in St Louis in 1993.
The Associated Press contributed to this report.