FCC Clears Charter-Cox Megamerger with Rural Broadband Promise
The FCC approved Charter Communications’ $34.5 billion acquisition of Cox Enterprises, uniting two large cable operators and signaling that the combined company will operate under the Cox name with Spectrum as the consumer brand; Charter will indirectly control Cox’s residential broadband, video, mobile and enterprise assets and has pledged to invest billions to upgrade networks and extend high-speed service to rural areas, while onshoring offshore jobs within 18 months and extending wage/benefit policies to Cox workers.