The FCC’s Wireline Competition Bureau has approved the $34.5 billion transaction between Charter Communications (Charter) and Cox Enterprises, Inc. (Cox) after Charter promised to invest billions of dollars to upgrade rural networks, committed to onshoring jobs for American workers, and just one day after it ended its diversity, equity and inclusion policies. As a result, Charter will now be able to complete its acquisition of Cox’s residential cable, commercial fiber, and managed IT and cloud businesses to create largest residential Internet Service Provider in the market.
