The Federal Communications Commission (FCC) has approved Charter’s $34.5 billion acquisition of Cox Communications, merging two of the largest internet providers in the U.S. This deal will create the largest internet provider in the country, combining Cox’s 6.5 million customers with Charter’s 31 million. The acquisition has raised concerns about potential internet monopolies, as many Americans currently have limited access to providers.
This merger is important for consumers evaluating their internet options, especially those living in areas where Cox and Charter operate. Both companies have little overlap in their service areas, meaning existing options for most consumers will remain the same. However, for those currently using Cox, the transition to Spectrum may offer improvements, as Spectrum has received higher customer satisfaction ratings. Still, prospective buyers should be aware of the potential for price increases, as Spectrum’s plans are known for steeper post-promotional hikes compared to Cox.
When comparing internet providers, price and service offerings vary significantly. Spectrum plans often experience increases of approximately $37 monthly after the promotional period, while Cox tends to increase prices by around $28, but typically after two years. Other alternatives in the market include AT&T and Verizon, which offer competitive pricing and service reliability, making them viable options for customers concerned about future price hikes or service experiences.
This merger may be beneficial for those already familiar with Spectrum, as Cox customers could find a higher level of service satisfaction upon merging. However, individuals focused on keeping costs low and avoiding steep future price increases might prefer sticking with Cox until the transition occurs. Additionally, customers in areas heavily serviced by alternate providers like AT&T or Verizon may want to consider their options instead of moving to Spectrum.
Source:
www.cnet.com
