US agency approves Charter Communications’ $34.5 billion deal to buy Cox

WASHINGTON, Feb 27 (Reuters) - The Federal Communications Commission said Friday it approved Charter Communications’ $34.5 billion acquisition of Cox Communications.

The deal announced in March 2025 combines two of the largest U.S. cable and broadband operators in their battle with streaming giants and mobile carriers.

The FCC said Spectrum-owner Charter will invest billions of dollars to upgrade its network and deliver high-speed service and the company committed to onshoring jobs. Charter also agreed to extend its $20/hour minimum starting wage to Cox workers.

Reuters reported last year the deal would create the largest U.S. cable TV and broadband provider with around 38 million subscribers, surpassing market leader Comcast CMCSA.O.