Charter Communications and Cox Enterprises Announce Definitive Agreement for Business Combination

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announced a definitive agreement to combine with Cox Enterprises, Inc.'s Cox Communications business. The transaction values Cox Communications at an enterprise value of approximately $34.5 billion and is expected to be completed contemporaneously with Charter's previously announced Liberty Broadband merger. The combined entity will operate under the Spectrum brand, offering enhanced products and services to customers. Charter will assume approximately $12 billion of Cox Communications' debt and expects to achieve approximately $500 million of annualized cost synergies within three years of closing.

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About Charter Communications Inc.

Charter Communications Inc. is a prominent telecommunications and media company known for providing a range of services including high-speed internet, cable television, and voice communication solutions. Central to its operations is the Spectrum brand, which serves residential, business, and government clients across the United States. Charter Communications plays a vital role in connecting urban and rural communities with essential communication infrastructure, contributing to the modernization and digitization of various sectors. Its broadband internet and TV offerings are designed to meet the growing demand for high-bandwidth applications, streaming, and digital content consumption. Headquartered in Stamford, Connecticut, the company has established itself as a significant player in the telecom industry, continually expanding its footprint and enhancing its service portfolio to cater to the evolving needs of its diverse customer base.