Charter Communications could push for more cable industry consolidation in the US as the company awaits final approval for its $34.5 billion acquisition of Cox Communications.

Chris Winfrey, CEO of Charter Communications, told investors during the company's Q1 earnings call that the company could explore more of these opportunities if the right one comes up.

"We like cable as an investment. I think it is a great business. We would like to acquire more cable assets if it can be done at an appropriate price and [under appropriate] conditions," said Winfrey.

Winfrey did add that he was not referring to a particular company or assets.

Instead, the main focus is getting the Cox acquisition over the line first. Charter has already got approval from the FCC and across all US states to complete the deal, apart from California.

Providing an update on this, Winfrey said the deal should be wrapped up in the coming months.

"We have now received all the necessary federal and state approvals that we need to close, except for California, and we are working with the California Public Utilities Commission towards a summer close," he said.

Winfrey highlighted the significance of California as a market for the company, noting that the state represents about a fifth of the overall Cox customer base.

Once the transaction is completed, Cox's 6.2 million customers will be combined with Charter's subscriber base of 32 million.

For the first quarter of this year, Charter reported revenue of $13.6bn, a decline of one percent Year-on-Year, which it said was primarily driven by lower residential video revenue.

The company added 368,000 Spectrum Mobile lines during Q1, with this number up by 1.8 million during the last 12 months. As of March 31, 2026, Charter serves 12.1 million mobile lines.

Despite the mobile gains, the company reported a slump in its broadband subscribers for the quarter. Charter shed 120,000 broadband customers during Q1, ending the quarter with 30.52 million broadband subscribers.