Charter Closes $34.5 Billion Cox Deal, Expanding to 45 States and 35 Million Customers
Updated
Updated · Yahoo Finance · Aug 27
Charter Closes $34.5 Billion Cox Deal, Expanding to 45 States and 35 Million Customers
3 articles · Updated · Yahoo Finance · Aug 27
Summary
Aug. 20 marked Charter’s completion of its Cox acquisition after California regulators gave the final approval, extending Spectrum’s footprint to 45 states and about 35 million customers.
16 million Californians now fall within the combined network, and Charter says Cox customers will see no immediate changes to service, pricing or packages unless they opt in.
Mid-September is when Spectrum branding, pricing and packaging begin replacing Cox offerings in former Cox markets, creating the first real test of how quickly legacy plans disappear.
2016 offers a precedent: after Charter’s $78.7 billion Time Warner Cable and Bright House deal, some legacy customers in Southern California saw bills rise as promotional rates expired, and by 2017 about 30% had moved to new plans.
Southern California subscribers also gain access to Dodgers games on SportsNet LA, a channel Cox had not carried because of licensing-cost disputes.