Liberty Broadband Corporation’s principal assets consist of its interest in Charter Communications, Inc. and its subsidiary Skyhook (formerly TruePosition). Charter is one of the largest providers of cable services in the United States, offering a variety of entertainment, information and communications solutions to residential and commercial customers. TruePosition, through its wholly owned subsidiary, Skyhook, is a worldwide leader in mobile positioning and contextual location intelligence solutions.
Liberty Broadband Corporation owns approximately 20% (54.1 million shares) (without taking into account the potentially dilutive impact of certain convertible securities) of Charter common stock. As a result of a proxy agreements between Liberty Broadband and both Advance Newhouse and Liberty Interactive Corporation, Liberty Broadband Corporation controls approximately 25.01% of the voting power of Charter.