Charter completes Cox Communications and Liberty Broadband deals

Liberty Broadband Corp, a director and 10% owner of Charter Communications (CHTR), disposed of 38,583,663 shares of Class A Common Stock as part of a merger. Post-transaction, Liberty Broadband no longer owns any shares and is no longer subject to Section 16 reporting obligations for Charter.

Charter Communications completed transactions with Cox Communications and Liberty Broadband. Spectrum products, branding, and pricing will roll out in former Cox markets in mid-September. Eligible Cox customers receive a free year of Spectrum mobile service.

Charter Communications completed its $34.5bn merger with Cox Communications, creating a company serving 38m customers across 45 US states. Cox received $5bn in Charter units, $6bn in convertible preferred units, and $4bn in cash, now owning 26% of the combined entity. Charter also finalized its acquisition of Liberty Broadband, issuing 33.9m new shares. The merged company will operate under the Cox Communications name, with Spectrum as the consumer brand.

Charter and Cox completed a $34.5bn merger, creating Spectrum, a cable company with 37 million customers. The European Commission approved Telefónica's AI infrastructure joint venture. Viettel won spectrum licenses for a new mobile operator in the Dominican Republic. ION Network deployed Ciena's technology for a new cable system. Turkcell joined six EU R&D projects on 6G and AI.

Charter Communications completed its acquisition of Liberty Broadband and a transaction with Cox Communications in an all-stock deal. Charter issued 46 million shares to Cox, which now owns 26% of the combined entity. Liberty Broadband shareholders received 0.236 Charter shares per Liberty share. Charter assumed $840 million of Liberty Broadband's debt and $180 million of preferred equity. The deal expands Charter's footprint and customer base, enhancing its broadband and mobile services.

Charter has completed its acquisition of Liberty Broadband. The company plans to offer a free Spectrum mobile line for one year to Cox customers and launch its full product suite in former Cox markets by mid-September. Charter also announced a 24/7 U.S.-based customer service team and credits for outages lasting over two hours. Dr. John C. Malone, Chairman of Liberty Broadband, commented on the strategic benefits of the merger.