In the United States, the two largest cable companies intend to integrate. Charter Communications’ Cox Communication Pursuit – The largest division of Cox Enterprises – the former will value more than $ 34 billion in debt.
In Cox Communication, Cox Family, who acquired its first cable business in 1962, already operates the largest private broadband company in the United States, which has provided houses in more than 30 states, and will be a part of the majority in acquisition, about 233 %. In a press release, the charter said that he would inherit the commercial fiber of Cox Communication and manage it and the cloud business, while the residential cable business of Cox Communications would be transferred to the charter holdings of the Charter Charter.
“Cox and Charter have been innovative in contact and recreational services,” said Chris Winfrey, president and CEO of the Charter. “This collection will enhance our ability to innovate and provide high quality, competitive price products provided to millions of homes and businesses with outstanding customer service.”
The new joint company will continue to operate its cable, broadband and mobile consumer business under the spectrum brand of the Charter, saying it will offer existing consumers a choice to remain on their current projects or to pay less for new bundle services, which they intend to offer.
Of course, such mega -majors are rarely cut and dry. Like the comic, competitors can try to terminate the deal, while even the government anti -trust enforcement cannot allow the transaction to pass.
