Spectrum’s territory grows ever larger as Charter and Cox agree to $34.5 billion merger
If customers keep cutting the cord, just make the cord bigger.
That seems to be the prevailing wisdom behind the massive $34.5 billion Charter Communications deal to acquire and merge with Cox Communications announced Friday.
If it passes regulatory scrutiny, the cable megamerger would create the US’s largest cable and broadband provider by subscribers, passing Comcast. Charter had 12.7 million pay TV subscribers as of March, while Cox had about 6 million.
In its press release about the deal, Charter framed the merger as a move to help it compete with Big Tech rivals (the likes of Netflix and Amazon).
The combo company would take on the Cox Communications name, while using Spectrum as its customer-facing brand.
If it passes regulatory scrutiny, the cable megamerger would create the US’s largest cable and broadband provider by subscribers, passing Comcast. Charter had 12.7 million pay TV subscribers as of March, while Cox had about 6 million.
In its press release about the deal, Charter framed the merger as a move to help it compete with Big Tech rivals (the likes of Netflix and Amazon).
The combo company would take on the Cox Communications name, while using Spectrum as its customer-facing brand.
