Charter Communications to Acquire Cox's Fiber and IT Services, Amend Share Repurchase Agreement

Details

entered into a Transaction Agreement with Cox Enterprises, Inc. to acquire 100% of Cox's commercial fiber and managed IT and cloud services businesses for $3.5 billion in cash and additional convertible preferred units and common units. Additionally, Charter and Advance/Newhouse Partnership amended their share repurchase agreement to update terms for A/N's participation in Charter's share repurchases.

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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.