Merger Alert: Charter is Trying to Buy Cox Cable

Well it seems we are about to see a major broadband merger once again. According to the New York Post Charter Communications the second largest cable giant whose properties include Spectrum, formerly Time Warner Cable is now looking at buying Atlanta-based Cox Communications.

This would likely make Charter the largest cable company in the United states. Cox is the third-largest cable company in the US with 6.2 million customers and has long said it isn’t for sale. “Cox has been very clear and consistent that we are not for sale and, in fact, we’re aggressively investing in our network, products and strategic partnerships and investments of our own,” Cox spokesman Todd Smith told The Post on Wednesday. Charter declined to comment.

This may explain why Charter rejected a $100 billion acquisition offer by Verizon. Yet that has not stopped Verizon who is said to now be looking at other companies to buy.

So it seems like we are going to continue to see a major consolidation in the broadband internet market. The fear seems to be that the monopoly of internet access is about to come to a end as 5G and fiber internet continues to expand. To fight off this new competition current ISPs seem to buy more markets to offer their services in.

Though this is not just about internet it is also about TV. With Sling TV, DIRECTV NOW, PlayStation Vue, Hulu, and others all taking away market share. Companies like Charter are looking to expand their foot print to help off set the loss in revenue from TV sales.

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