Charter Communications shareholders have overwhelmingly approved the company’s merger with Cox Communications, moving the deal one step closer to completion. The vote, which took place on Thursday, saw more than 99% of the votes cast in favor of the necessary proposals to finalize the transaction, which was initially announced in May.
This merger involves Charter acquiring Cox Communications’ commercial fiber and managed IT and cloud businesses, while Cox’s residential cable business will transition to Charter Holdings, a subsidiary of Charter. Additionally, Cox will receive $4 billion in cash along with shares in the new entity.
Following the completion of the merger, which is anticipated to occur by mid-2026 pending regulatory approval, the newly formed company will adopt the name Cox Communications. The consumer-facing brand will continue to be Spectrum. Charter will maintain its headquarters in Stamford, Connecticut, while also having a significant presence in Atlanta, where Cox’s current offices are located.
Leadership changes include Chris Winfrey retaining his position as President & CEO of the combined entity, while Alex Taylor, Chairman and CEO of Cox Enterprises, will join the board as Chairman. Eric Zinterhofer, who currently serves as Chairman of Charter’s Board of Directors, will become the lead independent director.
This merger indicates a significant consolidation in the telecommunications sector, potentially leading to improved services and offerings for consumers as the two companies combine their resources and expertise. With the commitment to maintaining a strong operational presence in both Connecticut and Georgia, there is optimism about the future growth and innovation the merger could bring.