"By approving this deal, the FCC ensures big wins for Americans. This deal means that jobs are coming back to America that had been shipped overseas. It means that modern, high-speed networks will get built out in more communities across rural America. And it means that customers will get access to lower priced plans. On top of this, the deal enshrines protections against DEI discrimination."
"The FCC claims that Charter plans to invest 'billions' to upgrade its network following the closure of the deal, leading to 'faster broadband and lower prices.' The company's 'Rural Construction Initiative' will also extend those improvements to rural states lacking in consistent internet service, a project the FCC was heavily invested in during the Biden administration."
"While Carr's FCC paints a rosy picture of Charter's acquisition, history has provided multiple examples of mergers having the opposite effect on jobs and pricing. For example, redundancies created when T-Mobile merged with Sprint in 2020 led to a wave of layoffs."
The Federal Communications Commission approved Charter Communications' acquisition of Cox Communications for $34.5 billion. FCC Chairman Brendan Carr stated the merger would bring jobs back to America from overseas, expand high-speed networks to rural communities, reduce customer prices, and implement protections against DEI discrimination in hiring. Charter plans to invest billions upgrading networks and extending service through a Rural Construction Initiative. The company will also onshore jobs previously handled by Cox employees overseas. However, historical precedent from mergers like T-Mobile and Sprint suggests such deals often result in job losses and reduced consumer benefits rather than the promised improvements.
Read at Engadget
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