$34.5 Billion Charter-Cox Merger Approved by California Regulator
The deal, which will create the nation's largest Internet and video provider by subscriber base, is expected to close later this month — with new concessions in place The post $34.5 Billion Charter-Cox Merger Approved by California Regulator appeared first on TheWrap .
The California Public Utilities Commission (CPUC) has approved the $34.5 billion merger between Charter Communications and Cox Communications, subject to several concessions. The deal, which will create the largest Internet and video provider by subscriber base, requires the combined company to invest in digital inclusion initiatives, upgrade its California network, and offer affordable broadband options for low-income Californians.
These investments include $30 million in digital inclusion initiatives, $275 million for network upgrades, and $5 million for Community Development Financial Institutions. The CPUC also mandated new affordable broadband offerings, expanded outreach and enrollment assistance, and workforce development programs. California was the final regulatory hurdle, with the Federal Communications Commission (FCC) approving the deal in February.
CPUC Commissioner Matthew Baker emphasized that the approval secures significant commitments benefiting Californians through expanded affordable broadband options, major infrastructure investments, improved customer protections, and support for digital inclusion.
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