Charter Communications is merging with Cox Communications in an approximately $34.5 billion deal that brings together two of the biggest cable companies in the country.

Charter Communications said on Friday it would merge with Cox Communications in a deal that would value its privately held rival at about $34.5 billion including debt, uniting two of the biggest cable providers in the U.

Cable-TV companies Charter Communications and Cox will merge, using Spectrum as the brand name, in an era of cord-cutting and streaming.