Charter Wins $34.5 Billion Cox Takeover

The California Public Utilities Commission has unanimously approved Charter Communications' acquisition of Cox Communications, valued at $34.5 billion, clearing the final regulatory hurdle for the deal. The commission's decision comes after an extensive public review process and incorporates two settlement agreements negotiated with the Public Advocates Office and the California Emerging Technology Fund.

As part of the conditions imposed by California, Charter committed to investing $30 million in digital inclusion initiatives, including broadband adoption, digital literacy training, and device access for underserved communities. The company also agreed to invest at least $275 million to upgrade its California network, completing symmetrical one-gigabit service capability across legacy service areas within three years.

Charter further committed to providing affordable broadband plans to low-income customers for five years, as well as offering free broadband and Wi-Fi service for 50 eligible community anchor institutions, such as schools, libraries, and community centers. The combined company will operate under the Cox Communications name within a year and will have roughly 37 million subscribers, with Charter contributing 31 million and Cox contributing six million.

## What changed The approval follows a lengthy review process, with California being the last state to grant approval. The other 44 states where the companies operate had already signed off, and the Federal Communications Commission approved the deal in February. The transaction is expected to close later this month.

## Why it matters The deal's approval has significant implications for Californians, who will benefit from expanded affordable broadband options, major infrastructure investments, and improved customer protections. The commitments made by Charter will also support digital inclusion initiatives, helping to bridge the gap in access to broadband services for underserved communities.

The combined company's commitment to affordable broadband plans and infrastructure upgrades will have a positive impact on the state's economy and education system. With the deal expected to close soon, Californians can look forward to improved broadband services and increased access to digital opportunities.