Charter Communications and Cox Communications have announced a merger valued at $34.5 billion, aiming to strengthen their market position amid growing competition in the cable industry.

Target Information

Charter Communications and Cox Communications, two of the largest cable providers in the United States, have reached an agreement to merge, marking a significant development in the cable industry. The deal values Cox at approximately $34.5 billion, including $21.9 billion in equity and $12.6 billion of net debt and obligations. Charter's CEO, Chris Winfrey, will continue to lead the merged entity as president and CEO.

Cox Communications, a privately held company overseen by the Cox family, is a major player in the broadband space, serving around 6.5 million residential and commercial customers. With services provided across 12 million homes, Cox has generated substantial revenue, amassing $13.1 billion in 2024. This merger not only enhances Charter’s market position but also broadens the service network of the combined company.

Industry Overview

The cable industry has been facing mounting challenges as consumer preferences shift towards streaming services and social media platforms, resulting in considerable subscriber losses. Charter, the second-large