Federal regulators have given the go-ahead to Charter Communications' massive $34.5 billion purchase of Cox Communications. The merger will create the nation's largest cable and internet provider, serving approximately 38 million customers.
WASHINGTON – Federal regulators on Friday gave their blessing to Charter Communications’ massive $34.5 billion purchase of Cox Communications, the Federal Communications Commission announced.
The merger, which was first revealed in March 2025, brings together two major cable and internet service providers as they face increasing competition from streaming services and wireless companies.
According to the FCC, Charter, which operates under the Spectrum brand, has pledged to pour billions into network improvements and faster internet speeds. The company has also made commitments to bring jobs back to the United States and will guarantee Cox employees receive Charter’s $20 per hour minimum starting pay.
Previous reporting by Reuters indicated this acquisition will establish the country’s biggest cable television and internet service company, with roughly 38 million customers – overtaking current industry leader Comcast.