Charter communication And Cox Communications, two of the largest cable companies in the USA, have agreed to merging.
The deal would be one of the largest in the industry – and in the entire company of America – last year.
The agreement estimates Cox based on a corporate base at 34.5 billion US dollars – which corresponds to $ 21.9 billion and $ 12.6 billion in net debt and other obligations – according to the recent company value of Charter, which, based on 2025, approved profit before interest, taxes and amortization materials after one Corresponds to Friday industry.
Shares of Charter-Die second largest publicly traded cable company behind it Comcast – A little higher on Fridays. Cox from the Cox family is one of the largest cable providers.
On a call on Friday with investors, Chris Winfrey, CEO of Charter, described the deal “Good for America” and said that “overseas jobs would return and create new, well-paid customer service and sales careers”.
The comment comes because President Donald Trump's activity has been slower since President Donald Trump took office.
After Trump won the election, the Wall Street gathered how many expected the regulatory environment loosened and the hurled gates opened for dealmakers and company leaders. In the months after the elections, however, companies confronted other factors than with dealing with the examination of the Federal Communications Commission in relation to diversity, equity and inclusion as well as the result of Trump's tariffs by examining the Federal Communications Commission.
Communication giant last autumn Verizon announced a proposed takeover of Frontier Communications of $ 20 billion. However, the deal still has to receive an official approval, since Verizon is examined for its DEI practices.
Winfrey from Charter said on Friday that the companies expect “going through a fulsome process”.
The merger with Cox takes place months after Charter has announced that he acquired Liberty Broadband in an all-standard deal that simplifies the portfolio of cable citizenship John Malones. In February, charter and Liberty broadband shareholders approved the proposed deal.
Charter assumes that in three years after the publication has been published, annual cost synergies of 500 million US dollars will be around 500 million dollars.
The merger contract with COX is expected to be concluded at the same time as the Liberty Broadband Fusion, the companies said on Friday. Winfrey said on Friday that it was difficult to determine timing, but we believe that this next year, in the middle of next year.
Cable combination
Christopher L. Winfrey, CEO by Charter Communications.
With kind permission: charter communication
The broadband industry has confronted violent competition from wireless competitors in recent years, as there has been an increase in alternative internet options such as 5G or so -called fixed wireless climb. This follows the continued loss of customers from the conventional cable television bundle.
At the end of the first quarter, Charter had 30 million broadband customers, a decline of 60,000 compared to the previous period. It had about 12.7 million cable TV customers with 181,000 losses in the quarter.
Cable companies have started to rely on their mobile companies to keep customers, and Charter was aggressively in the pricing and bundling of cell phone lines. Charter said that it had 10.5 million mobile lines in the first quarter after reporting another quarter of growth.
The company offers its services in 41 states and is available more than 57 million houses and companies. On March 31, Charter announced that she had a total of 31.4 million customer relationships.
COX Communications – a department of Cox Enterprises – counts as the largest private broadband company in the USA and has around 6.5 million residential and commercial customers according to its website.
On Friday, the investor Call Charter CFO Jessica Fischer provided details of Cox's business. The company has 6.3 million customers, including 5.9 million for the Internet. In 2024, Cox achieved sales of $ 13.1 billion, she said.
The services of Cox have 12 million houses available, and the network infrastructure reaches more than 30 countries. It began to offer mobile devices in 2023.
The company's combined network will include around 46 states and provides it for almost 70 million houses and companies with 38 million customers, said Winfrey on Friday.
For comparison: Comcast, the largest cable provider in the USA, reported that he had about 51.4 million customer relationships, including 17.8 million international customers. ComCast had around 34 million domestic customer relationships and was available to almost 64 million houses and companies in the USA from March 31.
After completing the merger, Cox Enterprises have around 23% of the outstanding fully outstanding shares of the combined company according to the publication.
In the transaction, the combined company will change its name within a year after completing the business in Cox Communications. The charter spectrum, the brand for cable, broadband, mobile and other services, is the brand for consumers for all customers.
The combined company will take over the current headquarters of Charter in Stamford, Connecticut, although it will be maintained in Cox's home base in Atlanta after completing the conclusion.
The Winfrey from Charter remains at the top after the end of the deal as president and CEO. In the meantime, Alex Taylor, chairman and CEO of Cox Enterprises, chairman of the Combined Company Board. Another COX manager will join the board and the Cox family has the right to keep two board members.
Disclosure: Comcast is the parent company of CNBC.
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