Charter Communications (NASDAQ:CHTR) is currently the fourth largest network cable operator in the United States. It is currently pending a merger transaction with Time Warner Cable (TWC) and Bright House Networks which would propel the consolidated entity to become the second largest cable operator. These companies are consolidating due to a larger phenomenon occurring in the cable business.
In more recent years, cable companies have understood that the key to becoming successful in the future is through consolidation with one another. This can be seen in the M&A activity occurring not only between the largest cable operators but also across smaller operators as well. Consolidation is beneficial because there are economies of scale benefits and also this...
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