WASHINGTON, Feb 27 (Reuters) - The Federal

Communications Commission said Friday it approved Charter

Communications' ( CHTR ) $34.5 billion acquisition of Cox Communications.

The deal announced in March 2025 combines two of the largest

U.S. cable and broadband operators in their battle with

streaming giants and mobile carriers.

The FCC said Spectrum-owner Charter will invest billions of

dollars to upgrade its network and deliver high-speed service

and the company committed to onshoring jobs. Charter also agreed

to extend its $20/hour minimum starting wage to Cox workers.

Reuters reported last year the deal would create the largest

U.S. cable TV and broadband provider with around 38 million

subscribers, surpassing market leader Comcast ( CMCSA ).