Charter Communications merger with Cox Communications will create a cable/broadband giant

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• Charter Communications plans to buy Cox Communications for $21.9 billion. The deal will create a major player in the cable and broadband industries, competing with Comcast. It comes as cable operators see subscriptions diminish in both areas.

Charter Communications has struck a deal to buy Cox Communications for $21.9 billion, which will bring together two of the biggest cable and broadband companies in the U.S.