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Cable giants Charter and Cox plan a $34.5B merger to compete with streaming and mobile services.
Cable giants Charter Communications and Cox Communications are set to merge in a $34.5 billion deal, combining their services to better compete against streaming services and mobile internet providers.
Charter, known as Spectrum, has over 32 million customers, while Cox, the third-largest cable company, has over 6.5 million customers.
The merger, subject to shareholder and regulatory approval, includes $12.6 billion in debt and is expected to close by the end of 2022, creating an industry leader with headquarters in Stamford, Connecticut.
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Los gigantes de cable Charter y Cox planean una fusión de $34.5B para competir con los servicios de transmisión y móviles.