Charter Communications to acquire Cox Enterprises' residential cable, commercial fiber, managed IT, and cloud businesses for $34.5 billion

The deal was approved by the Wireline Competition Bureau at the Federal Communications Commission (FCC). Quote: "The Wireline Competition Bureau at the Federal Communications Commission (FCC) has approved a $34.5 billion deal". The deal includes Cox’s residential cable, commercial fiber, managed IT, and cloud businesses. Quote: "The deal, approved on Friday, includes Cox’s residential cable, commercial fiber, managed IT, and cloud businesses". Charter commits to invest billions of dollars to upgrade its network and deliver high-speed service to homes and businesses across the country. Quote: "The FCC says Charter will ” invest billions of dollars to upgrade its network and deliver high-speed service to homes and businesses across the country” as a result of the deal.". Charter implemented new safeguards to protect against DEI discrimination. Quote: "According to the FCC, Charter implemented “new safeguards” to “protect against DEI discrimination,” the statement reported.". Charter commits to recruiting, hiring, and promoting individuals based on skills, qualifications, and experience. Quote: "Specifically, Charter commits to recruiting, hiring, and promoting individuals based on the factors that matter most: skills, qualifications, and experience,” the statement also read.". The deal is expected to bring jobs back to America, build modern high-speed networks in rural America, and provide customers with lower priced plans. Quote: "This deal means that jobs are coming back to America that had been shipped overseas,” he said. “It means that modern, high-speed networks will get built out in more communities across rural America. And it means that customers will get access to lower priced plans.”". The deal is expected to result in faster broadband and lower prices. Quote: "This means that Americans will see faster broadband and lower prices,” the FCC’s release stated.". Charter’s Rural Construction Initiative is activating new services across rural states. Quote: "Additionally, Charter’s Rural Construction Initiative is activating new services across rural states, which can bring better service and job opportunities to rural America.”"