Two of the largest cable companies in the country, Charter Communications and Cox Communications, said they would merge in a deal with a value of $ 34.5 billion when traditional cable companies are confronted with an exodus of subscribers who are more interested in streaming video on which they have been trusting for years.
Under the conditions of the deal, Charter will acquire and managed the commercial fiber from Cox Communications and Cloud companies, and Cox Enterprises will contribute to Charter Holdings Charter’s Charter Charter’s residential cable activities.
“We are honored that the Cox family has entrusted us with its impressive legacy and are enthusiastic about the opportunity to take advantage of the great operational history and community leadership of Cox,” said Chris Winfrey, President and CEO of Charter, in a statement. “This combination will increase our capacity to offer innovation and high -quality, competitively priced products, supplied with excellent customer service, to millions of houses and companies. We will continue to deliver high -quality products that save American families money, and we will make jobs from the coast of Overzee to create new, well -paid care and retirement workers, career and retirement workers, career and retirement workers, career and retirement workers, career and retirement workers.” ”
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