Cox Communications and Charter Communications have announced an agreement to merge companies. This will allow for a singular industry leader in communications and provide customers with seamless entertainment and high-quality customer service.

Charter and Cox are planning to merge in a deal worth $34.5 billion that will create an industry leader in mobile, broadband and video entertainment.

Charter and Cox, two of the nation's biggest cable companies, agreed to merge at a time when cable is increasing out of favor among consumers