Charter Completes $34.5B Deal to Acquire Full Ownership of Spectrum Mobile

Charter Completes $34.5B Deal to Acquire Full Ownership of Spectrum Mobile

Charter Communications has finalized its acquisition of Comcast’s 33 percent stake in Spectrum Mobile for 34.5 billion dollars in cash and stock, marking one of the largest transactions in the cable industry in recent years. The deal, which closed after months of regulatory review and negotiation, gives Charter full ownership of the wireless business it launched in partnership with Comcast back in 2018. This move comes at a time when traditional…