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Charter is the product of the 2016 merger of three cable companies, each with a decades-long history in the business: Legacy Charter, Time Warner Cable, and Bright House Networks. The firm now holds networks capable of providing television, internet access, and phone services to roughly 57 million US homes and businesses, around 35% of the country. Across this footprint, Charter serves 29 million residential and 2 million commercial customer accounts under the Spectrum brand, making it the second-largest US cable company behind Comcast. The firm also owns, in whole or in part, sports and news networks, including Spectrum SportsNet (long-term local rights to Los Angeles Lakers games), SportsNet LA (Los Angeles Dodgers), SportsNet New York (New York Mets), and Spectrum News NY1.

T-Mobile US is a facilities-based wireless telephone carrier. The company is the result of the merger of Deutsche Telekom's T-Mobile U.S. wireless division with small regional wireless carrier MetroPCS on April 30, 2013. T-Mobile acquired Sprint in April, 2020 and Ka'ena Corp. (Mint Mobile) in May, 2024. The company offers national wireless voice and data services to consumers and businesses in the U.S, and simple no-contract service plans.

U.S. stocks closed higher on Thursday after a down day on Wednesday. The Dow closed up 4%, the S&P 500 gained 0.5% and the Nasdaq closed 0.3% higher. The first reading on 4Q GDP showed that the U.S. economy grew 2.3%, less than the 2.6% expected by the Street.

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