The Transaction Will Create an Industry Leader in Communications, Seamless Entertainment and High-Quality Customer Service that Will Benefit Employees, Customers, Local Communities and Shareholders

STAMFORD, Conn. and ATLANTA, May 16, 2025 /PRNewswire/ -- Charter Communications, Inc. (NASDAQ:CHTR) (along with its subsidiaries, "Charter") and Cox Communications ("Cox") today announced that they have entered into a definitive agreement to combine their businesses in a transformative transaction that will create an industry leader in mobile and broadband communications services, seamless video entertainment, and high-quality customer service delivering powerful benefits for American employees, customers, communities, and shareholders. The proposed transaction values Cox Communications at an enterprise value of approximately $34.5 billion1 based on, and at parity with, Charter's recent enterprise value to 2025 estimated Adjusted EBITDA trading multiple.