Charter to buy Cox for $21.9 billion in mega cable deal
Source: Reuters
By Reuters
May 16, 20257:04 AM CDT Updated 2 hours ago
May 16 (Reuters) - Charter Communications (CHTR.O) said on Friday it would buy privately held rival Cox Communications for $21.9 billion, uniting two of the largest U.S. cable and broadband operators as they battle streaming giants and mobile carriers for customers.
American media companies are considering options for their once lucrative cable TV businesses that are now in decline as millions of consumers pivot to streamers such as Netflix.
The merger - one of the biggest deals of the year globally - will help Charter better bundle broadband and mobile services, as it tries to keep customers from switching to wireless providers such as T-Mobile that have their own internet plans.
Charter's strategy of combining internet, TV and mobile services into a single, customizable package helped it beat quarterly revenue estimates last month. Analysts say the strategy's appeal is obvious, but it needs scale as cable firms rely on leasing network access from major carriers to offer mobile plans.
Read more: https://www.reuters.com/business/media-telecom/charter-advanced-talks-combine-with-cox-bloomberg-news-reports-2025-05-16/
I have Cox service. Cable, internet, phone (land line), home security. We don't have cell service with them. I have relatives that work there.
OS
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Monopolies are not good for the consumer. Only the investors.
