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News in English (USA) / 16.05.2025 / 22:00

Charter and Cox Announce $34.5 Billion Merger, Creating a Cable Powerhouse

In a significant development in the telecommunications sector, Charter Communications and Cox Communications have announced a definitive agreement to merge in a deal valued at $34.5 billion. This merger, which unites two of the largest cable companies in the U.S., comes amid increasing competition from streaming services and wireless providers. The combined entity aims to strengthen its position in the industry, enhancing its Spectrum brand as it faces the challenges of a shifting media landscape. The agreement raises questions about the future of cable television as traditional models adapt to the growing trend of cord-cutting.
Reuters, CNN, CNET, WSJ, Charter Communications, Bloomberg.com, Investopedia, Axios, "Barrons", Business Insider