Charter/Cox Consider Cox the Buyer: Analyst
Cox Communications is actually purchasing Charter Communications, with Cox ownership engaged in a like-for-like swap of equity, receiving a one-time $4 billion cash payment, and getting a better mobile virtual network operator deal with Verizon, MoffettNathanson's Craig Moffett wrote investors…
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Monday. Charter's acquisition, announced last month (see 2505160060), could also lead to Cox ownership eventually regaining majority control of the new Charter, which will change its name to Cox Communications, he said: "So, who sold to whom?" Privately held Cox doubling down on cable with the deal speaks to the promise of Charter's mobile-first strategy, Moffett said.