Charter Closes Acquisition Of Rival Cox, Expanding Spectrum Pay-TV And Broadband To 45 States
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- Charter Communications closed its $34.5 billion acquisition of rival Cox Enterprises on Thursday, creating a new cable and broadband giant.
- The combined company will serve 38 million subscribers across video, internet, and wireless services.
- The Spectrum brand will be available in 45 states following the merger.
- Per Variety's coverage, the combined company will adopt the Cox Communications name, despite the Spectrum brand being the consumer-facing label.
- The deal is the latest in a wave of consolidation among U.S. cable and broadband providers, combining two of the industry's largest players.
Why it matters: The merger combines two of the largest U.S. cable and broadband providers into a single operator serving 38 million subscribers across 45 states, concentrating market share in an already consolidated industry. Charter gains Cox's footprint and subscriber base, while customers in overlapping markets may eventually face changes in service options or pricing structure.
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