Charter is interested in buying Cox Communications, the nation’s third largest cable operator, reports The New York Post.
However, the newspaper cautions there have been no formal talks between the two, and Cox, a privately-owned company, has resisted buyout overtures in the past.
A Cox spokesman tells the Post that his company is not planning to sell to anyone.
“Cox has been very clear and consistent that we are not for sale and, in fact, we’re aggressively investing in our network, products and strategic partnerships and investments of our own,” Cox spokesman Todd Smith told The Post.
Charter declined to comment, the newspaper adds.
Charter, which has more than 17 million video subscribers, became the nation’s second largest cable operator (after Comcast) last year when it purchased Time Warner Cable. The purchase of Cox would give Charter control of another six million video and Internet customers.
While consumer advocates would likely oppose that purchase, the pro-business Trump administration might be inclined to approve it.
— Phillip Swann