Stamford-based Charter Communications said its shareholders overwhelmingly approved the proposals needed to finalize its planned combination with Cox Communications.
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Stamford-based Charter Communications Inc. said Thursday that its shareholders overwhelmingly approved the proposals needed to finalize its planned combination with Cox Communications Inc.
More than 99% of votes cast supported each resolution at a special meeting held early Thursday, bringing the transaction a step closer to completion. Charter said the deal is expected to close in mid-2026, pending regulatory clearance and customary closing conditions.
The merger, first announced in May, values Cox at roughly $34.5 billion.
Charter, headquartered in Stamford, operates under the Spectrum brand in Connecticut, providing internet, cable TV, mobile, and phone services in parts of the state.
Cox offers residential and business internet, cable TV, phone and home security services in Connecticut. It operates in 17 other states and is based in Atlanta.
Under the terms of the agreement, Charter will acquire Cox’s commercial fiber, managed IT and cloud services businesses, while Cox Enterprises contributes Cox’s residential cable operations to Charter Holdings, a Charter subsidiary.
Cox Enterprises will hold roughly a 23% stake in the merged entity.
Charter said it expects to save roughly $500 million within three years of the close, stemming from procurement and overhead “cost synergies.”
After closing, the combined company will operate under the name Cox Communications and have its headquarters in Stamford.
Management will retain its current leadership with Chris Winfrey as president and CEO.
Alex Taylor, chairman and CEO of Cox Enterprises, will become chairman of the Charter board; and Charter Chairman Eric Zinterhofer will serve as lead independent director.
The deal will create the largest cable TV and broadband provider in the U.S. by subscriber count. The combined company will serve more than 37 million customers, surpassing Comcast, according to MarketWatch.
