Charter Communications has agreed to buy its rival Cox Communications for $21.9bn in a deal that would unite the two of the largest cable and broadband operators in the United States as they battle streaming giants and mobile carriers for customers.
The deal, announced on Friday, comes more than a decade after the companies reportedly abandoned an earlier merger attempt. Since then, pressure has intensified on cable companies, with wireless carriers attracting broadband customers with aggressive plans, while millions ditch traditional pay-TV for streaming.
The companies said they expect to realise $500m in cost savings within three years of the deal’s expected close in mid-2026.
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