Charter Communications and Time Warner Cable last week announced that California regulators approved their planned merger following a series of hearings in which the companies agreed to open access to underserved communities. The California Public Utilities Commission voted unanimously to approve the merger, which requires the combined company to provide low-cost broadband access, additional diversity efforts and other consumer protections. “We are pleased to have now obtained all approvals,” Charter CEO Tom Rutledge said.
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Charter-TWC Merger Clears Final Regulatory Hurdle
Posted by: David Jones May 16, 2016 06:00 AMCharter Communications and Time Warner Cable last week announced that California regulators approved their planned merger following a series of hearings in which the companies agreed to open access to underserved communities. The California Public Utilities Commission voted unanimously to approve the merger, which requires the combined company to provide low-cost broadband access, additional diversity efforts and other consumer protections. “We are pleased to have now obtained all approvals,” Charter CEO Tom Rutledge said.