Charter Communications said that pursuant to a Transaction Agreement entered into on May 16, 2025, Cox Enterprises will transfer 100% of the equity interests of certain subsidiaries of Cox Communications to Charter, contribute the equity interests of the residential cable business to Charter Holdings, and pay $1.00 to Charter.

1. 01

   Charter Communications said that pursuant to a Transaction Agreement entered into on May 16, 2025, Cox Enterprises will transfer 100% of the equity interests of certain subsidiaries of Cox Communications to Charter, contribute the equity interests of the residential cable business to Charter Holdings, and pay $1.00 to Charter.

2. 02

   The company disclosed that Cox Communications' revenues for the 6 months ended June 30, 2025 were $6,323 million and net income was $876 million, compared with $6,573 million and $1,010 million, respectively, in the prior-year period.

3. 03

   Charter Communications disclosed that for the 6 months ended June 30, 2025, Cox Communications' net cash provided by operating activities was $1,604 million, capital expenditures were $1,136 million, and repayment of debt was $867 million.

4. 04

   The company said the combined entity will assume Cox's approximately $12.6 billion in outstanding net debt and finance leases, and Charter shareholders approved the transaction agreement on July 31, 2025.

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