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Story summary
- The Federal Communications Commission (FCC) approved Charter Communications' plan to acquire Cox, positioning Charter to surpass Comcast as the largest home Internet provider in the United States.
- Charter currently serves 29.7 million customers.
- The deal is valued at $34.5 billion and will add 5.9 million Cox customers to Charter.
- The plan still requires approval from the Department of Justice and state regulators, including California and New York.
