Charter is shuttering its Spectrum home security service - Business Insider

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Shuttering its home security unit could allow Charter to shore up core business segments like Spectrum Mobile:

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The closure means customers will no longer be able to access the company's smart home security platform, rendering its self-branded devices Spectrum's swift exit from the home security market could be an effort to narrow its focus and shore up core business segments, such as Spectrum Mobile. In September 2018, Charter its own mobile virtual network operator that relies on Verizon's network and the company's own network of Wi-Fi hotspots, called Spectrum Mobile.

Third-party device makers have been able to rely on their tech prowess to compete in the growing smart home security market, but internet service providers also have a distinct advantage. ISPs can leverage an existing pool of customers to upsell on bundles of smart home security devices to connect to their networks.

 

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