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

Core Viewpoint - The Federal Communications Commission (FCC) has approved Charter Communications' $34.5 billion acquisition of Cox Communications, creating the largest cable TV and broadband provider in the U.S. with approximately 38 million subscribers, surpassing Comcast [1][2]. Group 1: Acquisition Details - The acquisition deal was announced in March 2025 and aims to strengthen the competitive position of Charter and Cox against streaming giants and mobile carriers [1]. - Charter Communications, the owner of Spectrum, will invest billions to upgrade its network and enhance high-speed service [2]. Group 2: Employment and Wage Commitments - Charter has committed to onshoring jobs as part of the acquisition agreement [2]. - The company will extend its minimum starting wage of $20 per hour to employees of Cox Communications [2].