California · Google · FCC · Datacenter Dynamics
California approves $34.5bn Charter-Cox merger agreement
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California has approved the proposed $34.5 billion merger between Charter Communications and Cox Communications.
Key facts
- Other conditions include a $30 million investment in digital inclusion initiatives, including broadband adoption, digital literacy training, community outreach, and device access for underserved
- California has approved the proposed $34.5 billion merger between Charter Communications and Cox Communications
- Approval from the CPUC follows that of the Federal Communications Commission (FCC), which OK'd the merger in March
- Approval was confirmed yesterday (August 13) by the California Public Utilities Commission (CPUC), in what was the last major hurdle required ahead of the merger being pushed
Summary
Approval was confirmed yesterday (August 13) by the California Public Utilities Commission (CPUC), in what was the last major hurdle required ahead of the merger being pushed through. The CPUC said it has approved the deal "subject to two settlement agreements and a comprehensive set of enforceable conditions designed to protect consumers, expand broadband access, and advance digital equity across California. The merger was announced in May of last year, when the two cable rivals confirmed a definitive agreement had been reached to combine their two businesses. Once the merger goes through, the combined entity will become the largest cable operator in the US.