Cox and Charter Agree to $34.5 Billion Merger
On May 17, 2025, Charter Communications and Cox Communication announced a massive merger worth $34.5 billion. This deal will create the largest cable and broadband provider in the United States.
The companies will combine their services to serve more than 37 million customers across 48 states. This move is expected to strength their position against rising competition from streaming services and mobile networks.
What This Merger Means
Charter CEO Chris Winfrey will lead the new company. Cox CEO Alex Taylor serve as Chairman of the Board. The headquarters will remain in Stamford, Connecticut, with major offices in Atlanta.
The company will keep using the Spectrum Brand in areas formerly served by Cox. This helps maintain customer recognition while expanding services.
Cox Enterprises will get $4 billion in cash and a 23% ownership in the new company. This includes preferred and common equity units.
For a more detailed breakdown of the deal structure, you can read the official Charter press release.
Why Now
Streaming platforms have changed how people watch content. Traditional cable companies have lost customers over the years. By joining forces, Charter and Cox hope to cut costs, improve service, and expand internet coverage faster.
They expect to save $500 million within three years by combining operations. They also plan to bring back some customer service jobs from overseas.
What About Regulation?
The deal must get approval from the Federal Communications Commission (FCC) and the Department of Justice (DOJ).
Regulators will check if the merger hurts competition or affects service prices.Some consumer groups worry the deal may reduce choices and raise prices.
They’re asking for close review before the merger moves forward.
Internal and External Link
learn more about how this merger affects the broadband industry.
Read our related post on streaming vs. cable trends.Visit MarketWatch for financial coverage of the merger.
What’s Next?
If regulators approve the deal, the merger will close by early 2026. Customers of both companies might see better speeds and new bundles that include mobile services and streaming deals.Until then, current services and prices will remain the same.