STAMFORD, Conn., May 6, 2016 /PRNewswire/ -- Today, Charter
Communications, Inc. received approval from the Federal
Communications Commission for its merger with Time Warner Cable
Inc. and acquisition of Bright House Networks. The California
Public Utilities Commission vote is scheduled for May 12th, following last month's recommendation
for approval from the California Administrative Law
Judge.
![Charter Communications Logo. (PRNewsFoto/Charter Communications, Inc.) Charter Communications Logo. (PRNewsFoto/Charter Communications, Inc.)](https://photos.prnewswire.com/prnvar/20110526/AQ10195LOGO)
"I want to thank Chairman Wheeler and Commissioners Clyburn,
Rosenworcel, Pai and O'Rielly for their thorough review of these
transactions," said Tom Rutledge,
President and CEO of Charter Communications. "The significant
benefits of these transactions are clear; greater competition, more
consumer and OTT friendly broadband policies, broader access to
affordable broadband, and added U.S. jobs. The conditions are
largely extensions of the longstanding consumer friendly values and
practices of our company, and based on the commitments we put
forward during the review process. Charter will be a stronger
competitor in the broadband and video markets, well positioned to
deliver these benefits and more to consumers."
Charter agreed to a number of conditions as part of the FCC
approval. Many of the conditions either codified or reflected
specific commitments Charter offered proactively at the beginning
of the transaction review process, including no data caps or
usage-based billing, a commitment to build out high-speed broadband
service to unserved and underserved customers, the fastest
low-income broadband program of any major service provider, and
settlement-free peering.
About Charter
Charter (NASDAQ: CHTR) is a leading broadband communications
company and the fourth-largest cable operator in the United States. Charter provides a full
range of advanced broadband services, including Spectrum TV™ video
entertainment programming, Spectrum Internet™ access, and Spectrum
Voice™. Spectrum Business™ similarly provides scalable, tailored,
and cost-effective broadband communications solutions to business
organizations, such as business-to-business Internet access, data
networking, business telephone, video and music entertainment
services, and wireless backhaul. Charter's advertising sales and
production services are sold under the Spectrum Reach™ brand. More
information about Charter can be found at charter.com
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SOURCE Charter Communications, Inc.