Charter Communications and Cox Communications have announced a landmark merger, valued at $21.9 billion. This deal unites Charter's 31.4 million subscribers with Cox's 6.3 million, primarily located in the southern and southwestern United States, creating a telecommunications powerhouse.
“We’re honoured that the Cox family has entrusted us with its impressive legacy and are excited by the opportunity to benefit from the terrific operating history and community leadership of Cox,” said Chris Winfrey, President and CEO of Charter. The combined entity will operate under the Cox name, with Spectrum continuing as the consumer-facing brand. This move signifies a commitment to strengthening American jobs, with both companies pledging to bring positions back to the US.
“Cox and Charter have been innovators in connectivity and entertainment services – with decades of work and hundreds of billions of dollars invested to build, upgrade, and expand our complementary regional networks to provide high-quality internet, video, voice and mobile services,” added Winfrey, highlighting the companies' dedication to infrastructure development. The merger brings together two industry veterans; Cox Enterprises boasts a rich history, having acquired its first cable franchise in 1962. “Our family has always believed that investing for the long-term and staying committed to the best interests of our customers, employees and communities is the best recipe for success,” stated Alex Taylor, Chairman and CEO of Cox Enterprises. The new company will be headquartered in Stamford, CT, retaining a substantial presence in Atlanta, GA.