Charter and Cox to merge in $34.5 billion deal

Charter and Cox are merging in a $34.5 billion deal to better combat the competition posed by streaming services such as Netflix and new sports offerings. The merger aims to create a larger entity better positioned to innovate and enhance customer service. After the merger, Cox consumers will benefit from Charter’s transparent pricing and outage credits. However, the deal awaits approval from Federal Communications Commission chair Brendan Carr, who has indicated a hesitance towards mergers linked to policies on diversity and equity.

This combination will augment our ability to innovate and provide high-quality, competitively priced products, delivered with outstanding customer service, to millions of homes and businesses.

Cox customers will get Charter's simple and transparent pricing structures with no annual contracts, as well as credits for outages lasting longer than two hours.

Read at The Verge