Two of the US’ biggest cable providers, Charter Communications (Spectrum) and Cox Communications, have agreed to merge in a deal valued at $34.5 billion. The move aims to boost competition against wireless services like AT&T and T-Mobile, which offer broadband with wireless plans at competitive prices. As cord-cutters shift to cheaper streaming options, the cable companies are struggling to maintain their lucrative bottom lines.
The combined entity will help compete against these wireless providers and enhance offerings. Charter’s CEO Chris Winfrey stated that the merger will enable innovation and high-quality products at affordable prices, delivered with excellent customer service.
Charter’s stock surged over 6% on the news, bucking a trend of cable companies’ declining performance. Cox Communications, part of family-owned firm Cox Enterprises since 1898, has stakes in various industries. The new company will retain its name as Spectrum for consumers, while Charter’s Stamford office will serve as the headquarters with a significant presence at Cox’s Atlanta campus.
Regulatory approval is required for the deal, which could impact President Trump’s stance on large mergers.
Source: https://edition.cnn.com/2025/05/16/business/cox-charter-cable-merger