Charter To Buy Cox For $21.9 Billion Amid Escalating War With Wireless

Charter Communications announced a $21.9 billion deal Friday to acquire Cox Communications, combining two major cable providers as they face mounting competition from wireless carriers offering 5G home internet. The transaction merges Charter's 31.4 million customers with Cox's 6.3 million, creating a larger entity to defend against aggressive expansion from Verizon and T-Mobile.
Charter lost 60,000 internet customers in the March quarter, underscoring the industry's vulnerability as traditional