FCC Approves Charter Acquisition of Time Warner Cable, Bright House Networks

The conditions placed by the FCC on the merger prohibit Charter from offering usage-based pricing for broadband service for seven years after the closing of the merger.

Charter is expected to formally complete the $55 billion transaction with Time Warner Cable and $10.4 billion transaction with Bright House Networks within a few days after the California PUC vote.

Paving the way for the rise of a new No. 2 in the cable TV arena, the FCC has formally approved the acquisition of Time Warner Cable and Bright House Networks by Charter Communications.