Charter gets FCC approval to buy Time Warner and Bright House

The Federal Communications Commission (FCC) has approved Charter Communications’ merger with Time Warner Cable acquisition of Bright House Networks – with conditions.

Tom Rutledge, president and CEO of Charter Communications, said: “The benefits of these transactions are greater competition, more consumer and OTT friendly broadband policies, broader access to affordable broadband, and added U.S. jobs.”

FCC’s conditions include 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.